I could not agree more, and experiments have shown that "participatory budgeting", where citizens can submit and vote on proposals on how to use public funds improves the satisfaction people have of the use of public funds. This might seem rather obvious, but it's relevant in today, where there is a growing distrust of government institutions, seen for example in decreasing voter participation.

However, one thing that is too often missed is that we already have massive institutions of economic democracy that need revitalization: trade unions, cooperatives and credit unions are based on principle of one-member-one-vote.

Hopefully we can have a surge in voting participation in these institutions leading into their modernization and revitalization.