The case for economic democracy

In determining their response to the crisis, trade unions must not only think about short-term policies but also long-term strategy. Although it may be easy to point out that the crisis showed that the balance of power between labour and capital needs to change, it is far less easy to elaborate how this change can be brought about. LSE Academic Richard Hyman writing for the Global Labour Column looks at how capitalism and economic democracy have tried – and failed – to coexist: http://column.global-labour-university.org/