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Alternatives to NeoliberalismTowards Equality and Democracy$
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Bryn Jones and Mike O'Donnell

Print publication date: 2017

Print ISBN-13: 9781447331148

Published to Policy Press Scholarship Online: September 2017

DOI: 10.1332/policypress/9781447331148.001.0001

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Rethinking public ownership as economic democracy

Rethinking public ownership as economic democracy

(p.209) Eleven Rethinking public ownership as economic democracy
Alternatives to Neoliberalism

Andrew Cumbers

Policy Press

Despite the spectacular failure of market fundamentalism in Europe and the US, with a seemingly never-ending spate of corporate scandals and financial crises, the grip of a neoliberal economic policy discourse among political and economic elites seems unshakeable. If anything, neoliberal policies of privatisation, labour market deregulation and state and welfare retrenchment seem to have been ratcheted up since the 2008-9 financial crisis. How can a left and more progressive politics– even in the form of a moderate eco-Keynesianism – be reasserted in these circumstances? This chapter argues that there has, until recently, been a serious vacuum in left and progressive circles about alternative economic models that might challenge the mainstream consensus. Cumbers uses the lens of public ownership, and examples from recent research in Denmark and Germany, to argue for the need to remake and re-scale institutional structures and practices on the left to successfully contest neoliberalism and construct more progressive, egalitarian and sustainable economies and societies.

Keywords:   cooperatives, Denmark, economic democracy, Germany, local authorities, Norway, public ownership, sustainable economies

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