ABSTRACT
The six chapters in Part III present and defend our “model” of a participatory economy. First, it laid out the main features of the model. Next, it dug deeper into different aspects of the model and responded to various criticisms that have been raised over the past 30 years. Then, it elaborated further on important features of the annual participatory planning procedure. Later, it clarified what a comprehensive plan is and rebutted criticisms that this requires a level of detail that is impractical, and responded to concerns that adjusting annual plans will prove impossible. The following chapter reported on the results of computer simulations of the annual planning procedure and about its “practicality.” Lastly, this part presented concrete proposals for how to overcome trenchant historical biases regarding “reproductive labor” in a participatory economy. In this short conclusion to Part III, it is highlighted how unique features of participatory planning proposal overcome the main dangers democratic economic planning faces.
