These days, in ‘the West,’ we don’t give the existence of political democracy a second thought. It seems perfectly natural. When the modern idea of democracy was being debated and formulated, however, it was a different story. Back then, the idea of ‘the people’ governing themselves was downright revolutionary.
The task of prior generations, stretching back a long ways, has been to establish and to grow democracy in the political process, both quantitatively and qualitatively. Could it be that the task for now and the future is to apply that principle to the economy? It can be done.