Would this require the government ceding some of its power to local bodies or to civil society organisations?
We will have to democratise the market economy. True productivist and democratising alternatives today, would have the following elements: first, the government should be able to count on the practical instruments with which to rebel against the worldwide orthodoxy and defy the financial markets. The most important of these conditions are a high level of domestic savings, a close connection of savings to production and a high tax structure. Second, there has to be a form of social policy which gives absolute priority to education, not only at the beginning of a life, but throughout a lifetime. We should build a form of social inheritance that guarantees every individual a package of basic resources on which he can draw. Third, we need to democratise the markets, not just regulate it and not just compensate for its inequalities, but organise a new form of access to credit, technology and markets. Fourth, we need to organise civil society at the grassroots level – to organise it across c
