And why democracy is important as a form of error correction. People can have their opinions, and inevitably we all get things wrong (magnitude of things we get wrong varies a lot). But when someone has a large concentration of power we all have to deal with the fallout from their malfunction. Companies the size and import of Twitter, Facebook, Reddit should be democratically controlled, some kind of cooperative.
Fully agreed. The authoritarian institution of shareholders and CEOs makes large companies prone to arrogance and short-term decision-making, democratic control of these large companies would make the economy much healthier.
And why democracy is important as a form of error correction. People can have their opinions, and inevitably we all get things wrong (magnitude of things we get wrong varies a lot). But when someone has a large concentration of power we all have to deal with the fallout from their malfunction. Companies the size and import of Twitter, Facebook, Reddit should be democratically controlled, some kind of cooperative.
Fully agreed. The authoritarian institution of shareholders and CEOs makes large companies prone to arrogance and short-term decision-making, democratic control of these large companies would make the economy much healthier.