Capitalism Versus Participatory Economics

If given the opportunity, what would be the best alternative to capitalism? There are many different alternatives to capitalism, but out of all the alternatives, Participatory Economics would be the best choice. According to Webster's Dictionary, Capitalism is a way of organizing an economy so that the things that are used to make and transport products are owned by individual people and companies rather than by the government. Participatory Economics entails social ownership of productive property, self-managed workplaces and neighbourhood councils. In society today, capitalism is an issue. Many americans do not realize how capitalism affects oneself.. Americans also do not realize there is other solutions to capitalism. With participatory economics, Americans would be more pleased with how America runs and here is more on why. …show more content…
Well, participatory economics is simple, and a better choice to capitalism. In a participatory economy, everyone belongs to a workers council where they live is a consumers council. No one person owns a business or any means of production. These are owned by society. The government has no say so in a participatory economy; it is all democracy. In capitalism, one person owns means of production, and the government has say so in decisions. Everyone is forced to follow others rules, do what others say, and do not get what they deserve. To make sure every worker is together and no one gets an unfair advantage by receiving rewarding positions, a system of balanced job complexes (BJCs) is established, in which tasks and rewards are distributed and shared equally within everyone. Capitalism has many issues that participatory economics could fix within the

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