We propose the following set of five features, based on the values of self-management, equity, solidarity, diversity, and sustainability, as a foundational framework for a good economy for all, an economic vision known as participatory economics.
It is well past the time to face hard decisions of how to reduce obscene levels of corporate production instead of fiddling with perpetual energy fantasies while the planet burns.
For industries to be run by ‘those who spend their lives with them’ means recognising the knowledge drawn from practical experience, which is often tacit rather than codified: an understanding of expertise that opens decision-making to wider popular participation, beyond the private boss or the state bureaucrat.
What kind of “next system” would support the economics of sustainable and equitable cooperation?
It is said that capitalism believes in competition but hates competitors. With this thoughtful book, Robin Hahnel and Erik Olin Wright aim to strengthen the resources of anti-capitalist politics against the charge that ‘there is no alternative’.
…parecon is a proposal or vision for how to accomplish economic functions consistent with classlessness, self-management, solidarity, equity, diversity, and ecological good sense.