Democracy at Work: A Book Review

Did you know the 2008 crash was almost 80 years after the Great Depression? Did you know that it’s only been 16 years since that 2008 crash to the current economic crisis in 2024?

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Democracy at Work: A Cure for Capitalism

Recently I read Democracy at Work: A Cure for Capitalism by Richard D. Wolff. The book covers the events, problems, and solutions that occurred in past economic crashes. It then goes on to propose the solution: WSDEs or Workers’ Self-Directed Enterprises.

Basically, it means bringing democracy to the workplace first, where it can then spread and be implemented into local communities. Everyone has a say, a vote, a voice — rather than companies being run by a board of directors who are not actually on the ground doing the work.

Reading this book, I definitely learned a thing or two about America’s economic and political history — and how it so closely resembles and yet differs from Canadian history.

Economic Crises

For starters, I learned that the last economic crisis in 2008 occurred nearly 80 years after the Great Depression. Yet, this current crisis is only 16 years after 2008.