Question

In 150 words or less, discuss the role of nationalism in a participatory economy. Use theories presented in the book to demonstrate the relationship between the two and to explain what happens to the economy when inclusion is not allowed. Overly long answers will be penalized - this is an exercise in being concise and to the point.

Answer 1

Participatory economics is an option against centralized planning, and, capitalism. It is termed as self-management. Planning is participatory, not centralized or market-based. There is collective negotiation of potential results, and, inputs. The costs and benefits considered are ecological, personal, and, social. The process does not have a structure except self management. There is no private ownership of profits. Nationalism does come in as investment in participatory firms will mean no private ownership of profits. Personal control of asset usage is absent. A deed to a workplace will result in zero returns. There is a collective ownership of means of production. This includes natural resources, assembly lines, and, workplace tools.

Nationalism comes into the picture as the workers take over the firm. There is classlessness, and, corporate division of labor. Income policies are equitable. Inequality is associated with nationalism. This implies, participatory economics or capitalism both have nationalism linked to a certain extent. Participatory economics can be termed socialism. Income inequality benefits only the wealthy. Good jobs are scarce. Particpatory economics allows for narrowing of the gap. Nationalism, and, participatory economics thus flourish simultaneously.