democracy in finance

Democracy in finance means that individuals and stakeholders have a say in how financial decisions and systems are managed. It emphasizes transparency, accountability, and participation, allowing investors, consumers, and communities to influence policies, investments, and regulations. Just as political democracies enable citizens to have a voice, democratic finance seeks to ensure that financial practices serve the broader public interest, promote fairness, and prevent dominance by a few powerful entities. This approach fosters trust, reduces inequality, and encourages responsible decision-making within the financial sector.