An #EconomicDemocracy is a market economy where most firms are structured as #WorkerCoops.
The predictably grievous harms of Effective Altruism
The predictably grievous harms of Effective Altruism
https://blog.oup.com/2022/12/the-predictably-grievous-harms-of-effective-altruism/
Software companies usually form as worker coops directly rather than using an ESOP mechanim
Here is a list worker coops: https://www.usworker.coop/directory/
There are some software companies in there under technology
Worker coops can delegate decision-making to managers and executives. This can ensure speedy decision-making. Having workers control the firm doesn't mean that every decision must be made by referendum. There can be delegation and more representative democracy
The link argues that uber drivers are employees.
The no employee factory as described sounds fine. Ellerman's philosophy doesn't just imply a worker coop mandate. Since natural resources aren't the fruits of anyone's labor and the equal claim to them of future generations, we should apply common ownership arrangements to land and natural resources and artificial monopolies.
Neo-abolition doesn't solve every problem.
Social ownership of capital is orthogonal policy issue
Liberalism refers to both a coherent political philosophy and a historical political tendency. The former liberalism is anti-capitalist. Yes many historical liberals were pro-capitalism, but this position makes their liberalism incoherent.
Private property rests on the principle that workers have an inalienable right to appropriate the positive and negative fruits of their labor. Capitalism violates this norm. Locke was wrong
A market economy of worker coops isn't socialism
There are anti-capitalist liberals though
At its core, liberalism is fairly anti-capitalist. There are many arguments against capitalism from liberal principles such as the principle that legal and de facto responsibility should match. The workers in the firm are jointly de facto responsible for using up inputs to produce outputs, but receive 0% claim on the positive and negative production while the employer solely appropriates 100% of the positive and negative result of production
It gets even more confusing when you consider anti-capitalist classical liberals
https://www.ellerman.org/wp-content/uploads/2018/12/Classical-Liberal-JurisprudenceJune2018.pdf
Worker cooperatives don't have to have a flat structure. Smaller cooperatives might use a flat structure, but larger companies will delegate business decisions to management. The main difference is that the board of directors represent the workers instead of outside shareholders making it democratic
There are legal tests to test whether a worker is an independent contractor or an employee such as the control test. You shouldn't be able to declare a de facto employee as a de jure independent contractor. The factory with only independent contractors wouldn't be able to exercise the same managerial authority over the workers as if they were employees. If these contractors cooperate directly, they are almost certainly in a de facto worker coop.
https://www.ellerman.org/wp-content/uploads/2022/01/UsingESOPsInPlatformCompanies.pdf
There are legal and theoretical tests to determine whether a worker is an independent contractor or an employee such as the control test. You shouldn't be able to declare a de facto employee as a de jure independent contractor. The factory with only independent contractors wouldn't be able to exercise the same managerial authority over the workers as if they were employees. If these contractors cooperate directly, they are almost certainly in a de facto worker coop.
See: https://www.ellerman.org/wp-content/uploads/2022/01/UsingESOPsInPlatformCompanies.pdf
This talk focuses on putting forward the argument against the current system. Ellerman describes economic democracy in detail in other work.
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All firms would be mandated to worker coops. All worker would automatically gain voting rights over the firm by working in the firm. All the firm's workers are voting members
The plumber sells the faucet to you as part of the contract they make with you.
Independent contractors are legally and theoretically distinct from employees
The coin flip is inherently part of policy, and it is bad policy to decide on policies with a coin flip
Inalienable rights are moral rights that can't be given up or transferred. It doesn't mean that the legal system can't fail to enforce the right such as by legally treating it as alienable like capitalism does in the employment contract. If the legal system doesn't grant it, that's a bad legal system.
Moral concepts have an objective sense that is unknowable.
You can't get good policy without democracy because democracy is part of all good policy. Non-democracy violates inalienable rights, which makes it inherently bad policy
How can this be a rejection of the far left when Harris campaigned as a moderate (e.g. Cheney)? If republican voters are going to think Democrats are communist regardless of how moderate the Democrats are, maybe moderating isn't a good strategy. If the only choice is between right-wing and lite right-wing, right-wing voters will choose the real thing. Even then, Trumpists will still call democrats communists.
Many left polices are popular when they aren't labelled as left
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If a worker voluntarily commits a crime for their employer, that is still inalienably their decision. Yes, the employer told them to do it, and that gave them a reason to do it, but having a reason doesn't absolve them of guilt or responsibility for their actions
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A group of people is de facto responsible for a result if it is a purposeful result of their intentional joint actions. The pure application of the norm that legal and de facto responsibility match is to deliberate actions. The workers joint actions that use up inputs to produce outputs are planned and deliberate. They meet the criteria for being premeditated. The workers are not under duress in normal work, and consent to the employer-employee contract.
I'm not a socialist because I think markets are useful and haven't seen a planned economy proposal that seemed plausible. Worker co-ops and unions aren't socialism in 20th century sense because they are technically compatible with markets and private property.
An economic democracy is a market economy where all firms are worker co-ops, so I was speaking about managers in a worker co-op
I did my part in trying to elect Harris.
What is the point in moderating if even after moderating Democrats are perceived as too left-wing?
*Perceived* leftward shift. The Democrats aren't that left wing in the first place. If democrats are going to be perceived as too left wing regardless of reality, they might as well take on some left-wing policies, so they can at least bribe voters with stuff that obviously and immediately makes things better for them like UBI.
If you're suggesting throw LGBTQ people under the bus, that is just wrong. What would we be fighting for at that point?
How Quadratic Funding Could Finance Your Dreams | Kevin Owocki | TED
How Quadratic Funding Could Finance Your Dreams | Kevin Owocki | TED
Quadratic funding is an economic mechanism that can help solve
- Underfunded public goods \- FOSS \- News media and journalism \- Art
- Lobbying dominates electoral politics with various concentrations of wealth influencing elections and public policy in their interest
- Markets ignore how broad the base of support is for a particular activity leading to inegalitarian results
A simple argument shows that capitalism is theft and workers have an inalienable right to workplace democracy - 35 minute video
A simple argument shows that capitalism is theft and workers have an inalienable right to workplace democracy - 35 minute video
"David Ellerman: Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons"
The talk argues that employment contract is invalid due to inalienable rights. Inalienable means can’t be given up even with consent. Workers’ inalienable rights are rooted in their joint de facto responsibility for all production in the firm
What economists don't know - Why industrial policy will disappoint
What economists don't know - Why industrial policy will disappoint
https://scottsumner.substack.com/p/what-economists-dont-know
A distraction from the election: The case for employee-owned companies
A distraction from the election: The case for employee-owned companies
https://www.pbs.org/newshour/economy/column-the-case-for-employee-owned-companies
"Ellerman has for years made an argument as startling as it is hard to refute: “the labor theory of property.” It’s that employees should own the firms they work for because of very simple logic: If they’re responsible for the consequences of their actions while on the job — committing a crime, say — how can it be that they’re not responsible for the positive things they do?"
Math Is Still Catching Up to the Mysterious Genius of Srinivasa Ramanujan
Math Is Still Catching Up to the Mysterious Genius of Srinivasa Ramanujan
https://www.quantamagazine.org/srinivasa-ramanujan-was-a-genius-math-is-still-catching-up-20241021/
Born poor in colonial India and dead at 32, Ramanujan had fantastical, out-of-nowhere visions that continue to shape the field today
Can a sentence be both true and false in the same sense? - Dialetheism
Can a sentence be both true and false in the same sense? - Dialetheism
It might seem nonsensical until one sees the liar's paradox:
This sentence is false.
Using classical logic, this sentence seems to be both true and false. Due to the explosion rule, that implies every sentence. This is absurd, but philosophers don't agree on what has gone wrong here.
Dialetheism is the solution that accepts that it is both true and false and modifies logic to exclude the principle of explosion
Why capitalism is theft even if it is voluntary and consensual, and a case for universal worker democracy
Why capitalism is theft even if it is voluntary and consensual, and a case for universal worker democracy
“Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons”
The talk argues that capitalism is invalid on the basis of the theory of inalienable rights. Inalienable means can't be given up or transferred even with consent. Capitalist apologists often appeal to contractual consent to defend the system, so this changes the debate
What do economists know? - When simple solutions are best
What do economists know? - When simple solutions are best
American Feudalism - A liberalism that divides humanity into a master class and a slave class deserves an asterisk as “white liberalism.”
American Feudalism - A liberalism that divides humanity into a master class and a slave class deserves an asterisk as “white liberalism.”
https://www.liberalcurrents.com/american-feudalism/
"Acquainting ourselves with the early black liberals ... reveals throughlines to modern liberal ideas that we have failed to appreciate, leaving those modern ideas prone to charges of inauthenticity and even illiberalism from more conservative wings of the liberal tradition."
"Are We Being Robbed?" (by the employing class)
"Are We Being Robbed?" (by the employing class)
https://substack.com/@join/p-122755017
Andrew Van Wagner interviews David Ellerman about Economic Democracy
Putting Jurisprudence Back into Economics
Putting Jurisprudence Back into Economics
https://www.exploring-economics.org/en/discover/putting-jurisprudence-back-into-economics/
Economics as it has been defined in the 20th century has largely ignored questions of jurisprudence, property rights, contracts and legal structure of economic institutions. Bringing jurisprudence considerations back into economics leads to radically different conclusions
The tyranny of the cloud: how we became serfs to big tech
The tyranny of the cloud: how we became serfs to big tech
https://www.skeptic.org.uk/2024/10/the-tyranny-of-the-cloud-how-we-became-serfs-to-big-tech/
Why progressives should advocate for universal worker democracy (i.e. worker coops) and oppose employer-employee contracts - "Inalienable Rights: Part I The Basic Argument"
Why progressives should advocate for universal worker democracy (i.e. worker coops) and oppose employer-employee contracts - "Inalienable Rights: Part I The Basic Argument"
https://www.ellerman.org/inalienable-rights-part-i-the-basic-argument/
One of the original progressive ideas was that of an inalienable right, which is a right that people cannot give up even with consent. This idea is often misinterpreted in modern political thought. This article explains inalienable rights and how it implies a worker coop mandate
Why the employer-employee relationship is based on theft and all companies should be worker-controlled - “Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons”
Why the employer-employee relationship is based on theft and all companies should be worker-controlled - “Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons”
"Governing the Commons" - Economist Elinor Ostrom's approach to collective action problems
"Governing the Commons" - Economist Elinor Ostrom's approach to collective action problems
A case for universal worker democracy and why capitalism is theft - "Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons"
A case for universal worker democracy and why capitalism is theft - "Neo-Abolitionism: Towards Abolishing the Institution of Renting Persons"
David Ellerman makes a unique argument for workers' control that is significantly stronger than the usual arguments the left makes as it implies that capitalism is invalid even when it is fully voluntary
The diagram centrists don't want you to see
The diagram centrists don't want you to see
Centrism frames the debate about capitalism as one of consent vs. coercion and argue that capitalism is fine because workers consent in the legal sense to the labor contract. Democratic theory recognizes a distinction among voluntary contracts i.e. consent to alienate vs. consent to delegate. A centrist can't appeal to this distinction because capitalism and political democracy are on opposite sides