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September 29, 2007

Participatory Economics

Michael Albert wrote a book called Paracon: Life After Capitalism. Zmag has a whole bunch of links and articles related to the ideas of a participatory economics.

Albert tells Zmag about his book:
" Parecon: Life After Capitalism is about an economic system called Participatory Economics that seeks to accomplish production, consumption, and allocation to efficiently meet needs consistent with the guiding values: equity, diversity, solidarity, and self-management. When people ask what do you want for the economy, I answer: parecon.

Parecon features workplace and consumer councils, self-managing decision-making norms and methods, remuneration for effort and sacrifice, balanced job complexes, and participatory planning. This is a set of institutions very different from those of capitalism as well as from what has been called market socialism."