This policy restructures decision-making at sectoral and national levels by embedding worker and community participation in strategic economic planning. Democratic corporatism entails creating sectoral councils where governments, unions, and employers coordinate on wages, investment, and employment strategies. Democratic planning expands participation through citizens’ assemblies and national commissions that deliberate on broader social and ecological priorities, integrating their guidance into fiscal and industrial policies.
Implementation requires legislative reforms embedding codetermination rights, establishment of planning councils, and integration of participatory budgeting processes.
The goal is to democratise economic governance so that decisions about investment, production, and employment reflect public priorities rather than corporate interests. This approach curbs inequality, strengthens legitimacy, aligns production with sustainability, and embeds democracy in both the workplace and the economy as a whole.
