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Democrats Turn To ‘Economic Democracy,’ And You Already Know What They Mean

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15.07.2026

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Democrats Turn To ‘Economic Democracy,’ And You Already Know What They Mean

‘All models of economic democracy, as conceived here, appear incompatible with capitalism.’

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“We cannot save our democracy unless we democratize our economy.” A truck is backing up to the loading dock, delivering a giant cargo of old wine in new bottles. You’re going to be hearing more of this language.

Speaking this week at the annual conference of the National Association of Latino Elected and Appointed Officials (which they somehow abbreviate as NALEO, skipping a letter), California Governor Gavin Newsom called for a new era of economic democracy:

The old bargain is broken. We MUST democratize our economy to save our democracy. pic.twitter.com/zKxkIJL9gH— Gavin Newsom (@GavinNewsom) July 14, 2026

The old bargain is broken. We MUST democratize our economy to save our democracy. pic.twitter.com/zKxkIJL9gH

The term “economic democracy” (ED) has been bouncing around for a long time, extensively defined and discussed by academic theorists: “Rather than being made unilaterally by private actors, important decisions about production are the results of broad deliberation processes among workers and, potentially, other constituencies … All models of ED, as conceived here, appear incompatible........

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