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One of the meanings of the word "democratization" is "the action of making something accessible to everyone", which is clearly the sense meant here.
by SetTheorist 7mo ago
One of the meanings of the word "democratization" is "the action of making something accessible to everyone", which is clearly the sense meant here.
- dizhn 7mo agoIt has a more broad meaning of sharing like when a factory is dumping waste in a river, they are democratizing pollution. (i.e they get the benefits but everybody pays the cost.)
- warkdarrior 7mo agoI believe the phrase is "socialize the risk, privatize the profits". I have never heard used with the word "democratize".
- dizhn 7mo agoI think I encountered in Chomsky's writings but I might be wrong.