A Participatory Economy

By: Robin Hahnel

Narrated by: Chris Bergman

Length: 9 hrs and 1 min

Publisher's summary

As of June 2021, 54% of Gen Z adults view capitalism negatively and over 41% have a positive view on socialism. A Participatory Economy is written for people who desire an equitable, ecological economy, but want to know what an alternative to capitalism could look like.

A Participatory Economy presents a fascinating, new alternative to capitalism. It proposes and defends concrete answers to how all society's economic decisions can be made without resort to unaccountable and inhumane markets (capitalism) or central planning authorities (communism). It explains the viability of early socialism's vision of an economy in which the workers come together to decide among themselves what to produce and consume. At the same time, Hahnel proposes new features to this economic model including proposing how “reproductive labor” might be socially organized, how to plan investment and long-term development to maximize popular participation and efficiency, and finally, how a participatory economy might engage in international trade and investment without violating its fundamental principles in a world where economic development among nations has been historically unfair and unequal.

©2022 AK Press (P)2022 AK Press

Critic reviews

“A key contribution to the on-going debate on democratic and participatory socialism. A must-read!”
—Thomas Piketty, author of Capital in the Twenty-First Century

"Tired of having your life determined by a handful of gazillionaires, but afraid there is no alternative except an economic dictatorship? In A Participatory Economy, Robin Hahnel shows in concrete detail—and without economic jargon—how ordinary people can run an economy to meet their own needs through worker and consumer councils and federations. Of course many economists question that this is even possible but Hahnel provides powerful answers to rebut their denials. A Participatory Economy provides a provocative ‘thought experiment’ demonstrating that there is indeed an alternative to both neoliberal capitalism and economic despotism." —Jeremy Brecher, author of Strike!

"'What comes next then?' This is likely one of the most common questions opponents of capitalism are asked when we critique the brutal and exploitative features of our economy. Hahnel has been developing a wide-ranging response to that very question for decades and in A Participatory Economy, he expertly advocates for an alternative to capitalism that rejects both the competitive and dehumanizing features of markets and the authoritarian, bureaucratic forms that are part and parcel of central planning. A recommended read for any student of political economy and necessary for organizers who want to understand one of the most popularized alternatives to capitalism outlined to date." —Deric Shannon, co-editor of The Accumulation of Freedom and editor of The End of the World as We Know It