As political entities, it is crucial that firms be made compatible with the democratic commitments of our nations – in other words, democratized.
More and more employees now work in full or partial view of the public, meaning that the economy, considered since antiquity to be private (the term economy being derived from the Greek oikos-nemein, or the management of the household), is now experienced by many of those contributing to it as part of the larger public space.
Beneath the constant gaze of citizen-customers, the corporation-household, once intensely private, has slowly moved into the public sphere.