The purpose of this paper is to delve into three side-arguments or themes about democratic enterprises (as opposed to considering first principles). Approach: 1) The first theme is the question of capital structure where labor-managed firms are often pictured as having "horizon problem." Yet...

Introduction -- Contract: The Case Against the Human Rental Contract Based on Inalienability -- Property: The Case Against the Human Rental System Based on Private Property Rights -- Governance: The Case Against the Employment System Based on Democratic Theory -- Summary and Conclusions.

Purpose The purpose of this paper is to delve into three themes about democratic enterprises. Design/methodology/approach (1) The first theme is the question of capital structure where labor-managed firms (LMFs) are often pictured as having “horizon problem.” Yet this is only a minor...

Today, there is the real possibility that self-management and workplace democracy will follow socialism into the dustbin of history. But the connection of self-management to socialism was misconceived from the beginning. Workplace democracy has its own roots in the historical struggle against...