Participism is a twenty-first century form of libertarian socialism. It comprises two related economic and political systems called Participatory economics or "Parecon" and Participatory politics or "Parpolity".
Parecon is an economic system proposed primarily by activist and political theorist Michael Albert and radical economist Robin Hahnel, among others. It uses participatory decision making as an economic mechanism to guide the production, consumption and allocation of resources in a given society. Proposed as an alternative to contemporary capitalist market economies and also an alternative to centrally planned socialism or coordinatorism, it is described as "an anarchistic economic vision", and it could be considered a form of socialism as under Parecon, the means of production are owned by the workers. The underlying values that Parecon seeks to implement are equity, solidarity, diversity, workers' self-management and efficiency. (Efficiency here means accomplishing goals without wasting valued assets.) It proposes to attain these ends mainly through the following principles and institutions: Workers' and consumers' councils utilizing self-managerial methods for decision making, balanced job complexes, remuneration according to effort and sacrifice, and Participatory Planning.
Under Parecon, the current monetary system would be replaced with a system of non-transferable "credit" which would cease to exist upon purchase of a commodity.
Parpolity is a theoretical political system proposed by Stephen R. Shalom. It was developed as a political vision to accompany Parecon. The values on which Parpolity is based are: Freedom, self-management, justice, solidarity and tolerance. The goal, according to Shalom, is to create a political system that will allow people to participate, as much as possible in a face to face manner. Participism as a whole is critical of aspects of modern representative democracies and capitalism arguing that the level of political control by the people isn’t sufficient. To address this problem Parpolity suggests a system of "Nested Councils", which would include every adult member of a given society. With five levels of nested councils it is thought, could represent the population of the United States.
Under Participism, the state as such would dissolve into a mere coordinating body made up of delegates which would be recallable at any time by the nested council below them.
Other articles related to "participism":
... Participism is a twenty-first century form of libertarian socialism ... Participism as a whole is critical of aspects of modern representative democracies and capitalism arguing that the level of political control by the people isn’t ... Under Participism, the state as such would dissolve into a mere coordinating body made up of delegates which would be recallable at any time by the nested council below them ...