Alternatives: Beyond Capitalism

The Alternative Economy Cultures (alt.econ.cult) program last spring brought together leading international and Finnish thinkers, cultural practitioners and activists to present alternative economic visions. The aim was to tackle not just financial, but social, cultural, institutional, human, material, emotional and intellectual forms of capital; not just individual gain, boosting, balancing or bail-outs, but common good, peer-to-peer, shared wealth and appropriate reward-for-effort.

"Parecon" stands for Participatory Economics, a vision for an alternative way to operate an economy, neither capitalism nor twentieth century socialism. Here, activist and economist Michael Albert introduces Parecon to the gathering in Finland.