CHAPTER 8

Attempting to Achieve Economic Democracy

The most highly education generation in the history of the human race, and the best connected, will not accept a future of high inequality and stagnant growth.

—Paul Mason

Democracy in the political sense does strive to reduce inequality. ­Fundamentally democracy has long been egalitarian; American history particularly has intuitively been linked to the ideal that all men are created equal and in liberal terms. The West purports to pursue the idea of the law of the majority where decisions are made to benefit good to the greatest number, even if the result is a hierarchy of opportunity and wealth. In theory, at least, the mixed market democracy seeks to distribute the wealth created through industrialized ...

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