This is how it stands in my view: participatory economics, or parecon, is a fascinating, tantalizing thought experiment, but I can’t say with any confidence that it is something that can function in actual world
The basic problem we have with parecon as advocated by Michael Albert is that we think he proposes blueprints for society without attempting to provide anything empirical to back up his claims
In their new book People Get Ready; the Fight Against a Jobless Economy and a Citizenless Democracy, Robert McChesney and John Nichols…
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