Rethinking Capital | Paul Krugman, Stephen Dorrell, Alex Callinicos
Philosophy For Our Times
00:00
The Risk of Democracy, Isn't It?
Democratic planning would involve groups of consumers and producers in particular regions co operating to decide economic, economic priorities. But does that assume that majorities are always likely to be better informed than expert in a particular field? What happenes fo the majority, for example, does not accept that man is making a significant contribution to climate change? Well, that's the risk of democracy, isn't it? I no. That was a technocraticfantasy that destroyed itself.
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