Viewing a response to: @bluabaleno/economic-power-should-be-governed-just-like-political-power
I could not agree more, and experiments have shown that "participatory budgeting", where citizens can submit and vote on proposals on how to use public funds improves the satisfaction people have of the use of public funds. This might seem rather obvious, but it's relevant in today, where there is a growing distrust of government institutions, seen for example in decreasing voter participation. However, one thing that is too often missed is that we already have massive institutions of economic democracy that need revitalization: trade unions, cooperatives and credit unions are based on principle of one-member-one-vote. Hopefully we can have a surge in voting participation in these institutions leading into their modernization and revitalization.
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| author | leosammallahti |
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Interesting, do you have sources for the 'participatory budgeting' you mentioned? It is also interesting to note that @dan is actually against the idea of one-person one-vote. I think he has the similar line of thinking of John Adams and Alexander Hamilton "John Adams and Alexander Hamilton observed that a man who is dependent for his subsistence on the arbitrary will of another man is not economically free and so should not be admitted to citizenship because he cannot use the political liberty which belongs to that status. " - The Capitalist Manifesto. Kelso
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This is a randomized experiment from Indonesia, were 49 towns were chosen to take part, half were randomly allocated to use elected representatives and half participatory budgeting to allocate 9 000 dollars to improve the village. How they used the money didn't differ much, but the satisfaction on how the money was used was much higher among those using participatory budgeting. Here's the source: https://www.povertyactionlab.org/sites/default/files/publications/2012.04.23_Direct_Democracy_FINAL.pdf Capitalist manifesto offers great insights on how to reform the trade union movement. Instead of using laws to ban things, have trade unions enable and reward employee stock-ownership, for example by offering legal aid. Hopefully employee stock ownership could be one thing that could bring the right and the left together: it's quite rare to find an idea supported explicitly by both Ronald Reagan and Bernie Sanders after all!
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