"Personally, I'm in favor of democracy, which means that the central institutions of society have to be under popular control.
Now, under capitalism, we can't have democracy by definition. capitalism is a system in which the central institutions of society are in principle under autocratic control.
Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level -- there's little bargaining, a little give and take, but the line of authority is perfectly straightforward.
Just as I'm opposed to political fascism, I'm opposed to economic fascism. I think that until the major institutions of society are under the popular control of participants and communities, it's pointless to talk about democracy."
