an economic system based on participatory decision making as the primary economic mechanism for allocating the factors of production and guidance of production in a society
The participatory economics (Parecon) project, for instance, envisions direct democracy at every level of society; but this vision for a postcapitalist world translates into endlessly ramifying staff meetings over every detail of life – hardly the inspiring stuff of utopian visions.
notable
9 years, 1 month ago