Credit where credit is due:
Most of the writing about alternatives to capitalism still see the need to rely on a market system. One interesting and different approach is embodied in the many decades of work by two political economists, Michael Albert and Robin Hahnel, on participatory economics or parecon. They and other point out that markets corrode human values and solidarity and propose a series of worker and consumer councils to make production decisions and allocations of goods and services. While this may be difficult in practice, it is important food for thought.
Never thought I’d see anyone actually acknowledge parecon’s existence. Quiet Revolution in Welfare Economics is just one non-stop fact after another, though. Yet 30 years later, no one knows what it is — a testament to the left’s ongoing and deep-seeded classism.