In this post, Paul Raekstad (University of Amsterdam) discusses their recent article in Journal of Applied philosophy on whether Property-Owning Democracy can resolve the unfreedom of capitalism.
Socialists rightly argue that capitalism cannot be free. This is because it’s built on the personal domination of workers by bosses, the structural domination of workers in labour markets, and the impersonal domination of everyone by market forces. The solution to domination is democratisation. But do we really need to replace capitalism with socialism to secure emancipation? Advocates of Property-Owning Democracy argue that we don’t. In a recent article I argue that they are wrong.