Participism
Participism is a libertarian socialist political philosophy consisting of two independently created economic and political systems: participatory economics or "parecon" and participatory politics or "parpolity". Participism is intended as an alternative to both capitalism and centrally-planned state socialism. Participism has significantly informed the interim International Organization for a Participatory Society.
Overview
Advocates of participism envision remaking all of human society from the bottom up according to principles of direct participatory democracy and replacing economic and social competition with cooperation. Supporters of what is termed a "participatory society" support the eventual dissolution of the centralized state, markets, and money (in its current form) placing it in the tradition of anti-authoritarian libertarian socialism. To elucidate their vision for a new society, advocates of participism categorize their aspirations into what they term a "liberating theory".