ParEcon is an economic system based on participatory decision-making as the primary economic mechanism for allocation in society (rather than a free-market mechanism). In the system, the say in decision-making is proportional to the impact on a person or group of people. Because allocation is based largely on need, Parecon can be used alongside the steady-state economic model to ensure our economy moves away from the continuous growth model. Parecon is also compatible with Participatory Budgeting and Participatory Democracy.
This content is created by the open source Your Priorities citizen engagement platform designed by the non profit Citizens Foundation