Wednesday, July 04, 2007

New Plan to Bore Capitalism to Death

Parecon and Anarcho-Syndicalism: An Interview with Michael Albert
Michael Albert interviewed by
DC Tedrow

Participatory economics, or parecon for short, is a classless economic system that serves as an alternative to capitalism, market socialism, and centrally planned economies. Parecon is based upon equity, solidarity, diversity, and participatory self-management, as well as takes into account kinship/gender, community/race, and polity in addition to economic considerations. Under parecon, workers and consumers councils are responsible for self-managed decision making; workers have balanced job complexes; effort and sacrifice are rewarded, not hours worked or how much capital was invested; and planning is participatory.


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