Session 3: Saturday, June 2nd: 2:00 - 3:50pm
We've now reached a point where global capital, legitimated by neo-liberalism, has created a r world in which a handful of men have as much wealth as the bottom half of the world and if the present trend continues, there will be an even greater concentration of wealth. While the numbers of billionaires grow, billions of people face going hardships in finding food, water, and the necessities of life. Dialectically understood, economic domination/injustice creates the conditions for its own negation and as has been evident in a number of cases, there is an alternative – economic democracy. This panel, will note the : work of Piketty showing growing inequality but will also show, but his analysis of political economy, shows no understanding of what Marx meant by capital, and thus his analysis cannot offer a solution. Evidence from a number of sites from Porto Alegre to Bologna to the Mondragon organization and Spain show that another economic system is possible: economic democracy!