Wolff on a democratic economy

We have long held as ideal a democratic political system, but our economic system is still locked in feudalism. Wolff asks why can't we update our economic system to democracy too?

"Instead of hierarchical or vertical, with a tiny, unaccountable leadership at the top, we didn’t do that. We said, there is no leadership. Or to put it differently, if there is a leadership, it has to be elected by the workers in an enterprise; they have to have the right to recall these people. In other words, that the workers in a place have democratic rights in the workplace, that are roughly analogous to the politically democratic rights we have in the communities where we live. If you did that, all the decisions that we have lived with, and that have produced the economic problems with which this conversation began, would be different."