What's Left of Philosophy 76 | For and Against Participatory Planning & Economics
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Nov 6, 2023 Robin Hahnel and Michael Albert discuss their proposals for participatory planning and economics. They argue for democratic consensus through federated workers' councils as an alternative to centralized planning and markets. They address criticisms of their approach and explore challenges in implementing a new social system. The podcast also explores the intersection of economics with values and ethics, reevaluates freedom and value, and discusses potential issues of bureaucracy in participatory planning. It touches on the concept of perceived value, the organization of local councils, and the idea of luxury automated communism.
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Participatory Economics: A Third Way
- Hahnel and Albert propose participatory economics as a third way between authoritarian planning and market socialism.
- They critique market socialism for retaining market value and inclining towards capitalist organization.
Representation and Division of Labor
- Questions arise about unit of representation and division of labor in a participatory economy with federated worker councils.
- How can specialization and mass production be achieved while maintaining local autonomy?
Limiting Markets
- Hahnel and Albert suggest limiting markets to specific areas where participatory economics can thrive.
- They argue that a competitive market system would erode attempts to control it.