"... economic democracy should be better seen not as a “third step” in democracy but as more like a third pillar. Without the implementation of economic democracy, the foundations of social democracy and political democracy are likely to remain unsteady and may ultimately be undermined. "
Fifty years ago this year, one of the most powerful labour movements in the world adopted an audacious plan to transform the ownership structure of a capitalist economy in an electoral democracy.
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What will it take to revive economic democracy 50 years after the Meidner plan? - LSE Business Review
Ahead of the 50th anniversary of the Meidner plan, Neil Warner looks at the prospects for reviving the “third pillar” of democratisation.