political science > political economy
Democratizing the Corporation: The Bicameral Firm
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Worker representation is the first step toward democratizing the economy
Although contemporary Western societies refer to themselves as "democratic," the bulk of the population spend much of their lives in workplaces that have more in common with tyranny. Gigantic corporations such as Amazon, Meta, Exxon, and Walmart are among the richest and most powerful institutions in the world yet accountable to no one but their shareholders. The undemocratic nature of conventional firms generates profound problems across society, hurting more than just the workplace and contributing to environmental destruction and spiraling inequality. Against this backdrop, Isabelle Ferreras proposes a radical but realistic plan to democratize the private firm. She suggests that all large firms should be bicamerally governed, with a chamber of worker representatives sharing equal governance power with the standard board representing owners. In response to this proposal, twelve leading experts on corporate behavior from multiple disciplines consider its attractiveness, viability, and achievability as a "real utopian" proposal to strengthen democracy in our time.The Real Utopias Project is a long running book and conference series initiated by Erik Olin Wright. It was meant to combine rigorous social scientific analysis with visions of the world as it ought to be. This will be the first RUP book to be written since Erik Olin Wright's death.
Tom Malleson is associate professor of Social Justice & Peace Studies at King's University College at Western University. They are the Coordinator of the Real Utopias Project series. Their latest books include After Occupy: Economic Democracy for the 21st Century (Oxford University Press), Fired Up About Capitalism (Between the Lines Press), and Part-Time for All: A Care Manifesto (co-authored with Jennifer Nedelsky and forthcoming from Oxford University Press). They are also a long-time social justice activist and organizer. www.tommalleson.com Isabelle Ferreras is a sociologist (PhD Louvain 2004), and a political scientist (MSc Massachusetts Institute of Technology, 2004). She also studied at the Harvard Trade Union Program (Certificate, Harvard, 2005). She is a senior tenured fellow (maître de recherches) of the Belgian National Science Foundation (F.N.R.S.-F.R.S., Brussels), a professor of sociology at the University of Louvain (Louvain-la-Neuve, Belgium) where she is a permanent research of the CriDIS (IACCHOS-Centre for interdisciplinary research Democracy, Institutions, Subjectivity, Louvain), and a senior research associate of the Labor and Worklife Program at Harvard Law School (Cambridge, MA). Isabelle Ferreras has been elected President of the Royal Academy of Science, Humanities, and the Arts of Belgium, Director of its Technology and Academy Class (2021-2022).• Author(s): Clear | James • Publisher: Penguin • Publisher Imprint: Penguin Random House • Subject: General Books
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