Isabelle Ferreras, Tenured fellow of the Belgian National Science Foundation, professor at the University of Louvain, and a senior research associate of the Labor and Worklife Program at Harvard Law School, answers, "Clearly not: Capitalism, as we can see across the globe, is compatible with all different kinds of political regimes: liberal democratic, communist, autocratic — and now illiberal democracies, too....We have a clear choice before us: either expand our democratic commitment to include corporations, through democratizing them internally (by including the representation of labor investors along the current representation of capital investors), or forfeit our democratic rights to those who own capital — a possibility looming on the horizon, particularly in the United States."... Read more about DO DEMOCRACY AND CAPITALISM REALLY NEED EACH OTHER?
As a labor‐management arbitrator for more than 60 years, I have witnessed the practice change from an informal problem solving conference to a formal lawyered adversarial combat where winning preempts compromise. The contrast reflects the changing nature of the workplace and workforce, the altered priorities of the parties, the rising cost of bringing cases to arbitration, the changes in balance of power between the unions and employers and the shrinking role that unions have struggled to maintain in the...
“The contradiction between capitalism and democracy is at a point of no return.” by Isabelle Ferreras
If capitalism has a future, democracy may not. Nationalist populists, bolstered by transnational firms whose algorithms prioritize expressions of fear and antagonism, are stoking citizens’ legitimate anger. Faced with the unbridled power of the very private entities they seek to woo, political leaders are attempting to conceal how powerless they are to reduce inequalities and save the planet. But people are no fools: the contradiction between democracy and capitalism is...
Senior Research Associate Associate Professor, York University, Toronto
Dr. David Doorey is Associate Professor of Labor and Employment Law at York University in Toronto. His research and writing in the areas of Canadian and comparative labor and employment law, industrial relations, labor and the environment, corporate social responsibility and global supply chains, and legal theory has been published in leading law journals and cited by the Supreme Court of Canada.... Read more about David J. Doorey
LWP Fellow Research on the impact of technological advances on workplace productivity
Dr. Ashley Nunes work explores how innovation affects markets. He is particularly interested in the ways technological innovation has impacts on economic outcomes among low-income households. Dr. Nunes was previously a research scientist at the Massachusetts Institute of Technology, and his work has been covered by The Economist, The Guardian and The Financial Times among others. He earned his Ph.D. from the University of Illinois at Urbana Champaign where his research examined the scientific merit of raising retirement ages.
"Manufacturing is changing dramatically," said Emily DeRocco, the education and workforce director of Lightweight Innovations for Tomorrow, or LIFT. "We want young people to understand that there are actually exciting jobs available."
Her group is one of 14 "innovation institutes" aiming to bring government, industry, and academia together to support technology-related research and education in advanced-manufacturing fields such as clean energy, lightweight materials, and robotics. The groups all fall under the umbrella of Manufacturing USA, a national network of public-private research institutes created under the Obama administration.
The « Firm and Common Interest" report, requested and submitted on March 9 by Nicole Notat and Jean-Dominique Senard to the French Government, proposes to reinforce co-determination - the participation of employees in the management of the company. At the proposed level, it will certainly not allow French employees to give voice as much as their counterparts in Sweden or Germany. But this proposal makes it clear in the public debate that the company is a political entity.
In the book just published by Belgium's sociologist and political scientist Isabelle Ferreras (Firms as Political Entities, Cambridge University Press, 2017, not translated to french), this idea is at the heart of her thinking, and she deduces logically that corporate governance should result from the election by two "chambers" - one representing the capital contributors, the other the labor contributors - this government having to collect the majority in each of them.... Read more about MEDA: On Democracy at Work