Richard D. Wolff— ‘There’S An Option To The Hierarchical, Top-Down Capitalist Corporationjanine Jackson Interviews Richard Wolff

But here’s a elementary fact which ought to illustrate, inwards a sense, the inquiry you’ve asked: This is an extremely undemocratic arrangement. What hit I mean? Well, the publish of people that brand all the telephone commutation decisions inwards American corporations, too yesteryear that I hateful deciding what to produce, deciding how, deciding what technology to use, deciding the physical geographic location—will it endure produced inwards Cincinnati or inwards Shanghai, etc.—and finally, what to hit amongst the profits that the undertaking of all the people working at that topographic point accept helped to produce? All of those telephone commutation decisions, that form the lives of everybody involved inwards the company, too indeed everybody inwards the larger community, are made yesteryear tiny groups of individuals, the major shareholders, that 1 per centum who ain three-quarters of the shares, or two-thirds of them, too the boards of directors that they choose. This is a tiny minority sitting at the meridian of every corporation, looking too acting pretty much similar kings too queens i time acted when at that topographic point were monarchies instead of democratic parliamentarian systems.

And nosotros don’t inquiry that, nosotros hither inwards America, amongst our commitment to democracy. We seem non to endure able to inquire the obvious question: If nosotros similar democracy, equally nosotros enjoin nosotros do, if nosotros insist on roughly kind of accountability of the political leaders who brand decisions that comport on us, why inwards the globe hit nosotros non brand the same demand—democratic accountability—of the economical leaders inwards our society, the people who run these enormous corporations, that are the dominant economical portion inwards our society? And nosotros don’t.

And the funny affair is that, of course, at that topographic point is an alternative; simply similar at that topographic point was an choice to monarchy—namely, political democracy—there’s an choice to the hierarchical, top-down capitalist corporation. And it has a publish of names, because it’s really old; the i that’s beingness used much these days is “worker cooperative,” or “producer cooperative,” too the basic thought is, nosotros would accept a dissimilar economic scheme if nosotros organized our enterprises inwards an choice way....

So what would endure a to a greater extent than democratic alternative?

Professor Wolff suggests squall for who is almost invested inwards the draw of piece of occupation solid too answers that it is earth the draw of piece of occupation solid serves too the employees that hit the work. It's sure as shooting non the owners that hit cypher other than allow their portfolios grow piece they sleep.

FAIR - Fairness too Accuracy inwards Reporting
‘There’s an Alternative to the Hierarchical, Top-Down Capitalist Corporation
Janine Jackson interviews Richard Wolff, Emeritus Professor of Economics (Marxist) at the University of Massachusetts, Amherst, where he taught for thirty years