One of the major conflicts of the era that is not often highlighted for public debate is whether we want an economy that privatizes government services and public resources and continues to concentrate wealth; or whether we want to develop an economic democracy that invests in the public interest and creates shared prosperity.
Journalist Ted Koppel summarized the privatization trend: “We are privatizing ourselves into one disaster after another…. We’ve privatized a lot of what our military is doing. We’ve privatized a lot of what our intelligence agencies are doing. We’ve privatized our very prison system in many parts of the country. We’re privatizing the health system within those prisons. And it’s not working well.”
The alternative, also growing rapidly albeit more quietly without corporate media coverage, is economic democracy. This is based on new models that give people greater control over their economic lives, share wealth in an egalitarian way and allow people to have more influence over the direction of the economy.
Privatization vs. Public Ownership
Privatization versus public ownership of services and resources is one aspect of this debate, but there are also a host of other issues that beg discussion. We will delve into many of these in detail in the Economic Democracy Conference of the Democracy Convention in Madison, WI from August 7 to August 11. Presenters who are deeply involved in their subjects will speak about big picture topics such ...