Redistribution of economic power in all societal subsystems: On a company level, the introduction of inclusive ownership funds should introduce the possibility for employees to take ownership of parts of every company, diversifying and democratizing shareholder structures of companies, which ensures the representation and influence of employees on the company’s future. On a local level, protectionism driven by local authorities favoring local, ethical and sustainable businesses over MNEs aims at tackling economic inequalities in the distribution of wealth and income within a jurisdiction. On a national level, a national economic realignment where cooperatives are established as the capitalist norm initiates a sustainable transformation of the economy aligned with democracy.

Proponents: New Economics Foundation

For further interest on this topic:

https://neweconomics.org/about/our-missions/democratic-economy