Property-owning Democracy
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Property-owning Democracy
A property-owning democracy is a social system whereby state institutions enable a fair distribution of productive property across the populace generally, rather than allowing monopolies to form and dominate.Amrit Ron, "Visions of Democracy in 'Property-Owning Democracy': Skelton to Rawls and Beyond", ''History of Political Thought'' 29, no. 1 (2008), 168–187, . This intends to ensure that all individuals have a fair and equal opportunity to participate in the market. It is thought that this system is necessary to break the constraints of welfare-state capitalism and manifest a cooperation of citizens, who each hold equal political power and potential for economic advancement.Alan Thomas, ''Republic of Equals: Predistribution and Property-Owning Democracy'' (Oxford: Oxford University Press, 2016). This form of societal organisation was popularised by John Rawls, as the most effective structure amongst four other competing systems: laissez-faire capitalism, welfare-state cap ...
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Democracy
Democracy (From grc, δημοκρατία, dēmokratía, ''dēmos'' 'people' and ''kratos'' 'rule') is a form of government in which people, the people have the authority to deliberate and decide legislation ("direct democracy"), or to choose governing officials to do so ("representative democracy"). Who is considered part of "the people" and how authority is shared among or delegated by the people has changed over time and at different rates in different countries. Features of democracy often include freedom of assembly, freedom of association, association, property rights, freedom of religion and freedom of speech, speech, Social exclusion#Social inclusion, inclusiveness and political equality, equality, citizenship, consent of the governed, voting rights, freedom from unwarranted governmental wikt:deprivation, deprivation of the right to life and liberty, and minority rights. The notion of democracy has evolved over time considerably. Throughout history, one can find evid ...
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