Tuesday, August 17, 2010

Realizing Hope Life Beyond Capitalism


Michael Albert
Zed Books, 2006 - 198 pages 
Something is profoundly wrong with capitalism. Vast inequalities of wealth and power will not take the world to a better future. 'What is the alternative?' is a question echoing all around the globe. Michael Albert has wrestled with this question for many years, and his answer regarding economics has captured the imagination of many. 'Participatory Economics' - 'Parecon' for short - Albert's proposed economic system to replace capitalism, rejects competitive anti-sociality, individualist greed, commercial homogenization, and corporate hierarchy, and in their place elevates solidarity, equity, diversity, and self-management.

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