Capitalism versus Parecon

You can read all about the comparisons about the differences in the attributes and factors between capitalism and participatory economics on this page. So if you would like to read about those differences and get a sense of what makes participatory economics better or worse than capitalism, you should be reading this page. It will not completely cover all of the differences between these two models of economics, but it will try to cover all of those differences comprehensively. What is written here will not cover all of the differences between those two, and you will not be completely convinced of switching over to participatory economics if you do read this. Hopefully, by learning about the differences between the two models of economics, you will become interested in learning more about participatory economics.

Ownership

In an economic model using capitalism, all individual not only own their personal properties but they also own the means of production as well. This means that the ownership in capitalism is heavy skewed because only a small portion of the population will own most of the means of production, thus most of the wealth as well. The rest of the population will almost own nothing of the means of production, while even fewer only own some of the means of production. So in a capitalist model, the means of production and the wealth are owned only by a small portion of the population.

Using a participatory economics model, people will own their private property, but none of the means of production will be owned by a single person. The means of production will be socially owned by everyone in society. No one exactly owns the means of production, but at the same time, every person in society will be able to have an equal share of the ownership of the means of production.

Payment

Again in capitalism, you are in a much better position if you are in ownership of a means of productive property. So you will be able to get remuneration or payment from this property from the interest that you can accrue from using it. Another determinant of payment is power, a person can get more payment in return if the possess more power.

Participatory economics uses a different model for payment. Sacrifice and effort are expended for labor which is valued among society. So the income of a person will depend on how much labor they do, and how hard they work.

There can be improvements that can be made into this introduction between the differences of capitalism and participatory economics. If you have got any wish to improve this page, just send us a message and we will include any sort of addition that you would like. If you think that the inclusion of statistical data, sources, links and other evidence would support this page more, you should send us a message about it. And we will improve this page specifically to reflect whatever you have requested. We would always like to improve the kinds of content that we have on this website, which is totally about participatory economics.