Every year, we perform 9.6 trillion hours of labour for the world economy. But the vast majority of this is controlled by capital and deployed to produce whatever is most profitable to capital. As a result we languish in conditions of mass deprivation and ecological breakdown.
Under conditions of economic democracy, by contrast, we could deploy our massive productive capacities instead toward improving human well-being, social progress, green transition, and ecological regeneration. We could address our social and ecological crises in very short order.
We live in a mere shadow of the world we could have.