What would “economic democracy” look like, and how would we facilitate a change like that?
It looks something like “from each according to their ability, and to each according to their needs.”
As to how we get there, and what the specifics of it look like, the short, honest answer is no one person knows, and that’s okay. Much like a medieval peasant would’ve struggled to imagine modern elections, electric tea kettles, or the welfare state, it’s really hard to live in the present and imagine a radically different future. The thing is that a radically different future is coming for us, whether we like it or not. Our current lives are not ecologically sustainable. That is going to force change upon us, probably the hard way, and it’s going to hurt.
That said, this is a very active area of scholarship and (mostly) healthy debate. There is a wonderful and expansive socialist scholarly tradition, going back centuries, all trying to answer what you asked me. Economists, philosophers, computer scientists, political scientists, and so on have put a lot of really good work into imagining such a future. Some, like Stafford Beer, or Paul Cockshott, have written a lot about how modern digital technologies could enable such a transformation on the large scale. Others, like David Graeber or Rebecca Solnit, have thought deeply about what a human society even is and what we want from it. Still others, notably Mark Fisher, have written about why capitalism feels so inevitable to so many who live in it.
There’s one thing we do know: The first step is enough of us agreeing that we want a more just, fair, and equitable future. Many people, especially but not exclusively those with so much of the wealth, don’t want that at all.
I love how knowledgeable you are on these topics! Please, I very much invite you to make a post about this analysis. I became a mod of this community specifically for dialogue like this
Aw thanks! I’m trying to spend less time writing on social media, not more! If I may be so bold, if you like reading what I have to say, may I suggest The Luddite? It’s me, and a few others, writing about tech from a leftist perspective.
The difficult step is getting around or past the concept of private property.
Except for altruism, how do we effectively remove “property” from people who create it but don’t need it. Most arguments I have seen or read end up back at basic capitalism.
The ideal that everyone would be altruistic and give up all superfluous labor seems far fetched.
Most leftists distinguish between personal property and private property. You get to own your favorite mug, your toothbrush, and even your house, but not a company that controls the labor of others, or someone else’s house. I don’t know where you’ve come across these arguments you’ve read, but, again, there are literally centuries of socialist scholarship, none of which is just advocating for capitalism with some window dressing. There are many “socialism 101” lists out there of how you can get started. I seriously recommend that you give it a shot. It’s actually really fun to read smart and imaginative people trying to make an outline for a new, better world.