As Noam Chomsky said, “You can’t have meaningful political democracy without functioning economic democracy. I think this is, at some level, understood by working people. It has to be brought to awareness and consciousness, but it’s just below the surface.” Economic Democracy stands for the empowerment of people to make economic decisions that directly shape their lives and communities through locally-owned, small-scale private enterprises, worker-owned cooperatives, and publicly-managed utilities.
The viral growth of the Occupy Movement, and the public support of it, is testament to the tremendous dissatisfaction with the inequities and abuses of global capitalism. Meta-corporations and large financial institutions have corrupted democracy in the United States and many other countries. In response, a wide spectrum of progressive forces is struggling to rescue our political democracy; however, reform is not enough.
Instead the demand for economic democracy that economically empowers people and communities has the potential to unite Americans around a common cause that replaces the tyranny of corporate power.
Humanity needs a clear, compelling vision of an equitable, sustainable economy that brings a high quality of life for everyone – an economy by, for and of the people.
The purpose of political democracy is to provide for political empowerment to all citizens; the purpose of economic democracy is to provide economic empowerment to all citizens and all local communities, and to prevent the concentration of economic power that subverts mass political and economic empowerment.
Join us in Madison on October 11-14, 2012 to be a part of this social transformation.
Conveners: The Economic Democracy Collaborative (including Rashad Barber, Alex Jackimovicz, Ame Johnson, Nada Khader, Acharya Pashupati Steven Landau, Prakash Laufer, Ronald (Ravi) Logan, Dada Maheshvarananda, Matt Oppenheim, Neil Pharr, Mirra Price, Jason Schreiner, Susan Stauderman-Deckhart, Dada Vedaprajinananda, and Beth Wortzel), Prout Institute, Transition Madison Area, Willy Street Co-op, and Diversified Media Enterprises: Worker Independent Radio.