Personally I'm in favor of democracy, which means that the central institutions in the society have to be under popular control. Now, under capitalism we can't have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control. Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level -- there's a little bargaining, a little give and take, but the line of authority is perfectly straightforward. Just as I'm opposed to political fascism, I'm opposed to economic fascism. I think that until major institutions of society are under the popular control of participants and communities, it's pointless to talk about democracy.
About this quote
- What does it mean?
- The author states capitalism prevents democracy because corporate institutions are autocratic rather than under popular control.
- In plain terms
- Capitalism means institutions are controlled autocratically, not democratically.
- What can you take from it?
- Economic structures determine the possibility of true democracy.
Where it applies
Putting it to work
Questions to consider
- What is democracy?
- Who controls major institutions?
Another view
The equation of corporations with fascism is a strong rhetorical claim.
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