Comment by SetTheorist
2 days 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.
2 days 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.
It 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.)
I believe the phrase is "socialize the risk, privatize the profits". I have never heard used with the word "democratize".
I think I encountered in Chomsky's writings but I might be wrong.