Most Western societies are proud of being political democracies, but democracy rarely operates within the firm. Democratic governments, in principle, can be criticised freely and are answerable to those they seek to govern. By contrast, managers are not, in general, answerable to those they seek to manage, and the mildest criticism can be dangerous. The central questions of this course are:
- What would happen if workers ran their own firms?
- Would worker-managed firms take the same decisions as their capitalist counterparts?
- Could such an economy be efficient?
- What policies could be deployed to promote a cooperative sector?