Michael Albert Interview
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We Need an Economy Without Bosses and Managers. Participatory Economics Is How.
Q “What would be the role of money under this new economic system? And how would a national-based “self-management” economy deal with the forces driving the global economy?
A In a participatory economy, money would account. It wouldn’t accrue. People would receive income either for the duration, intensity and onerousness of their socially valued work, or because they can’t work but get a full income nonetheless. Some goods would be free, like health care and much else, but on the consumer side, people would mostly choose from the social product the particular mix of goods and services they wish to enjoy up to their income/budget. On the producer side, workplaces would use diverse inputs to generate outputs. Participatory planning would mediate it all without competition or authoritarian command. Items would have prices to convey information that allows people to consume in accord with their income and to produce to meet needs and develop potentials without undue waste and while respecting the environment. Imagine a debit card to make purchases. Money just facilitates equitable allocation. There is no making money by having money.
If the global economy were composed of national participatory economies interacting by way of international participatory planning, the needs and desires of the populations of its many countries would drive it. But suppose some participatory economies operate in a world that is still market guided. The participatory economies would have their own domestic valuations that reflect true social costs and benefits. The rest of the world would have market valuations that reflect bargaining power. I would hope that a participatory economy would transact with other economies using whichever of the two prices would allocate the benefits of each trade in a way that would further equity rather than abet accumulation by the rich at the expense of the poor.”
Not much progress from when we last heard from him
He supported the Latin America Trade Treaty known as ALBA which is a Cartel created by certain sectors of the Latin American bourgeois headed by Venezuela to compete with the USA ruling class
These people are all turning out to have feet of clay, though admittedly Albert with his dystopian blueprint always had a head of clay as well.
But he does demonstrate that there is a market for blueprints.
People seek an ABC on how socialism will work, no matter how broad the brush strokes of the picture of socialism is depicted.
The war in Ukraine has separated the sheep from the goats and it has shown who has the real socialists principles, they have ended supporting the ruling class of Russia or the ruling class of Ukraine along with NATO and the USA,
The so-called anti-imperialism has become pro imperialism, and anti-imperialism is not anti-capitalism, as well anti yankeeism is not anti-capitalism.
We have debunked all those conceptions and time and history have proven that we were always correct.
In this forum, we have had many teachers and innovators who have proven to be amateur and students of socialism, history and politic
The Bolsheviks were the first ones that created to create a blueprint of socialism and it did not work, even, Marx and Engels did not try to do that, they just gave general considerations, and left everything else to self-creation of the world working class
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