Participatory Economics Quotes

Socialist forms of life could find a much easier realization than through the seizure of all industrial property by the State, and the State organization of agriculture and industry.

When I was Governor, Louis Kelso went out of his way to brief me. I was very impressed, but I was never able to get any of the economists in state government to give him the help his plan deserves.

If you have worker-owned and worker-managed enterprises, you've got a different sociopolitical system.

I see myself, in terms of the question of capitalism, as I would support democratic socialism over a capitalist system, because any approach... or participatory economics, which is another great model that people like Michael Albert are putting out there... any system that encourages us to think about interdependency, and to be able to use the world's resources in a wiser way, for the good of the whole, would be better for the world than capitalism.

You can’t have meaningful political democracy without functioning economic democracy.

I see socialism in the direction, of management, of enterprise, by all who work in the enterprise.

The market is regarded as democratic because everybody has a vote. Of course, some have more votes than others because your votes depend on the number of dollars you have, but everybody participates and therefore it's called democratic.

Government by the people for the people becomes meaningless unless it includes major economic decision-making by the people for the people. This is not simply an economic matter. In essence it is an ethical and moral question, for whoever takes the important economic decisions in society ipso facto determines the social priorities of that society.