Saturday, August 13, 2016

Start with worker self-directed enterprises

This is Richard Wolff's latest contribution to The Next System Project. A short excerpt:

"That is to change the who and why of key economic decision making at the basic enterprise level. For the economic system to serve the people, the people need to be in charge. Historical efforts to do that at the macro level through government either failed when confronted by determined private capitalist opposition, as in the U.S., or failed by giving too much power to too few in the government, as in the USSR."

"We therefore propose reorganizing enterprises such that workers become their own bosses. Specifically, that means placing the workers in the position of their own collective board of directors, rather than having directors be non-workers selected by major shareholders.[...] We call such enterprises worker self-directed enterprises (WSDEs). They embody and concretize what we mean by economic democracy by locating it first and foremost inside the enterprises producing the goods and services upon which society depends. WSDEs represent the goal and their growth and proliferation represent the mechanism to transition from the present capitalist system to a far better next system."

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