Capitalism isn’t democratic. Democracy is the mode of governance where control rights over an organization are assigned to those governed by or in it. In the capitalist firm, the workers are the ones governed by management, yet control rights lie with the employer
This definition captures the underlying notion.that
consensual democracy = self-government
Here is A. Chayes making a similar point:
“The shareholders were the electorate, the directors the legislature, enacting general policies and committing them to the officers for execution. Shareholder democracy, so-called, is misconceived because the shareholders are not the governed of the corporation whose consent must be sought.”
In the US, hard no.
In other countries, probably.
Can it be better, absolutely
Capitalism isn’t democratic. Democracy is the mode of governance where control rights over an organization are assigned to those governed by or in it. In the capitalist firm, the workers are the ones governed by management, yet control rights lie with the employer
Your definition of a democracy is interesting but also quite made up.
All definitions are made up.
This definition captures the underlying notion.that
consensual democracy = self-government
Here is A. Chayes making a similar point:
“The shareholders were the electorate, the directors the legislature, enacting general policies and committing them to the officers for execution. Shareholder democracy, so-called, is misconceived because the shareholders are not the governed of the corporation whose consent must be sought.”
Robert Dahl had a similar understanding
By you? Because that paragraph you (not you) wrote is not the made up definition of democracy.
And though everything is made up, a definition of anything is something we all agree on, not just you.