Long-time activist and author Michael Albert outlines his vision for a post-capitalist and classless economic system, known as participatory economics and based on his most recent book, No Bosses (Zer0 Books, 2021). In this first part, Paul Jay and Michael Albert talk about the importance of economic vision and the rationale behind re-organizing the workplace on the basis of self-management and a non-corporate division of labor.
How would remuneration and the allocation of goods and services look like in a post-capitalist participatory economic system? In this second part of our discussion with Michael Albert, the author of the book, No Bosses (Zer0 Books, 2021), he talks to Greg Wilpert about the contours of an economic vision that fulfills the values of self-management, solidarity, diversity, equity, sustainability, and participation.
Michael Albert responds to some common objections and concerns that Greg Wilpert raises about his vision for a participatory economy, such as how to avoid the spontaneous formation of black markets, whether his proposal should be considered socialist or anarchist, and whether his proposal can be a considered a blueprint.