The article presents cooperativism as a comprehensive systemic model that integrates monetary reform with the principles of economic democracy. The analysis shows that previous attempts to democratize the economy have failed due to the absence of an appropriate financial architecture, while financial reforms lacking a democratic ownership structure have likewise failed to ensure long-term stability. Cooperativism formulates a new framework that combines money creation with the principles of co-ownership and individual responsibility, thereby creating the conditions for a more stable and equitable macroeconomic system. The study uses a historical-comparative method and synthesizes theoretical knowledge with empirical experience. The result is a proposal for a realistic systemic transformation.

This is the accepted manuscript of an article approved for publication in the International Review of Applied Economics.The peer-review process has been completed, and the article has been formally accepted.This version may differ from the final publisher’s version.The DOI provided by Zenodo serves as reference and author attribution.