Economic Democracy

The current economic system has concentrated power in the hands of the few and created record inequality. A new paradigm must be created.
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FEPS, in partnership with Open Society Foundations, has launched an initiative on Economic Democracy to explore and spread best practices and strategies to build people power in the economic domain.
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The initiative will study experiences of democratic transformation in economic, employment and public administration domains to understand the driving factors and successful strategies that result in the transfer of economic power to people – to build up a “theory of change” and identify economic policy strategies that put economics at the service of the society. More info here.

The main focus of the initiative will be on the practice. A survey of economic democracy initiatives will be carried out to collect experiences in the following focus areas:

• Democracy in public spending
• Democracy in the workplace
• Democratising public services
• Democratising urban planning