, Tom Vouloumanos has compiled links to an extensive debate between proponents of Michael Albert's Participatory Economics (Parecon) and David Schweikart's Economic Democracy. Parecon, as I recall from reading Albert's and Hahnel's work, is a nightmare of committee meetings to decide (say) this week's output of toothpicks will be greater than last week's. Economic Democracy, on the other hand, is a form of market socialism with worker-controlled enterprises; it has a large statist element, unfortunately, with investment largely controlled by state banks.
But Schweikart is very much on the mark in his criticism of Parecon (appropriately entitled "Nonsense on Stilts: Michael Albert's Parecon
") for abandoning market allocation. I can imagine, without too much effort, something like Schweikart's system with the statist elements removed and capital mobilized by voluntary means. I can't imagine anything like Parecon existing without looking like something out of Brazil