Participatory Economics

[einniv]

Interesting site I stumbled on.
http://www.parecon.org/

Participatory Economics (parecon for short) is a type of economy proposed as an alternative to contemporary capitalism.

The underlying values parecon seeks to implement are equity, solidarity, diversity, and participatory self management.

The main institutions to attain these ends are workers and consumers councils utilizing self management decision making methods, balanced job complexes, remuneration according to effort and sacrifice, and participatory planning.

The parecon vision is spelled out in numerous books, the latest of which is Michael Albert’s ParEcon: Life After Capitalism.

[dpibel]

1. It's a good concept

And might be an interesting read for those who believe that capitalism is the only possible economic model.

But, as with so many things, the first obstacle to even getting people to think about it is getting past the lifelong received information that (1) capitalism is good for all of us and (2) I'm gonna be rich any minute now.

[einniv]

2. A bump for the morning crowd.

:kick:

Here is a link to Albert giving lectures on the subject if you'd rather listen instead of read.

http://www.tank.ws/clients/bsf/audio/default.asp?q=f&f=%2FMichael%5FAlbert%5F%40%5FUQ%5Fon%5FParEcon