"Vision is not only about the future, but also the present. What would having a vision like the one called participatory economics imply for today’s practical choices?Broadly considered, if you want to get someplace new, it behooves you to take steps towards where you want to go, not steps that take you somewhere else. An … Continue reading Participatory Economics Overview: What, Why, How
Tag: institutions
The Iron Law of Institutions
"The Iron Law of Institutions is: the people who control institutions care first and foremost about their power within the institution rather than the power of the institution itself. Thus, they would rather the institution 'fail' while they remain in power within the institution than for the institution to 'succeed' if that requires them to … Continue reading The Iron Law of Institutions
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