Participatory economics is an economic system developed to foster six broad values: equity, or fair and just outcomes; solidarity, or caring and mutual respect among all people; diversity of outcomes which would benefit everyone; participatory self-management, or having a say in decisions to the extent that one is affected by their outcomes; efficiency, or not wasting resources; and environmental sustainability, which requires leaving behind stocks of each kind of natural capital as large as those we enjoy today.
Participatory Economics - A Theoretical Alternative to Capitalism
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