""if being subjected to state government requires democracy, so does being subjected to corporate government. This is the consequence from the analogy between the firm and the state." This argument presents economic democracy as a project of extension. It takes the existence of political democracy (and the arguments justifying it) for granted and argues democracy should be extended to the economic sphere. Practically, this can be done"
"Many political theorists lament the thin, representative nature of democracy in modern liberal democracies and argue in favor of more deliberative, participative, and/or direct forms of democracy. Democratic innovations such as citizens' assemblies and deliberative fora are popular topics. Debates between these conceptions of political democracy are waged with arguments from epistemology, social psychology, and political sciences (are voters sufficiently rational, can they be motivated"
Economic democracy is defended via the firm-state analogy, treating corporate governance as analogous to state governance and claiming similar democratic demands. The defense treats economic democracy as an extension of political democracy, presuming political democracy's existence and legitimacy. Practical proposals include granting voting rights to workers and stakeholders (suppliers, consumers, local communities) in firm management. Debates on political democracy commonly ignore economic relations, focusing on representative thinness and promoting deliberative or participative reforms such as citizens' assemblies. Those debates rely on epistemological, social-psychological, and political-scientific arguments about voter rationality and motivation. The separation of political and economic domains is historically anomalous; the linkage should be reestablished.
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