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Scoop.it!
Participatory Economics, or Parecon for short, is an economic system based on democracy, justice and sustainability proposed as an alternative to capitalism 
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Production of material goods is getting decentralized. This follows a general trend that people call different names: the collaborative economy, the participatory economy, the sharing economy, or the
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The ‘architecture of participation’ in the digital era has opened up the possibility of being a public intellectual to a much wider range of both traditional academics and non-academics alike. Being a public intellectual today relies in a fundamental way on the idea of open knowledge production, an idea that encompasses open software, open access journals, and open data.
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'Collaborative culture', 'mass creativity' and 'co-creation' appear to be contagious buzzwords that are rapidly infecting economic and cultural discourse on Web 2.0. Allegedly, peer production models will replace opaque, top-down business models, yielding to transparent, democratic structures where power is in the shared hands of responsible companies and skilled, qualified users. Manifestos such as Wikinomics(Tapscott and Williams, 2006) and 'We-Think' (Leadbeater, 2007) argue collective culture to be the basis for digital commerce. This article analyzes the assumptions behind this Web 2.0 newspeak and unravels how business gurus try to argue the universal benefits of a democratized and collectivist digital space. They implicitly endorse a notion of public collectivism that functions entirely inside commodity culture. The logic of Wikinomics and 'We-Think' urgently begs for deconstruction, especially since it is increasingly steering mainstream cultural theory on digital culture.
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From
hbr
The two of us have thought a lot about the nature of power, both political and economic, and lately we’ve become convinced that it is shifting in fundamental ways. Looking at the big disruptions we are seeing in many realms, we’re struck by how often those shifts are being driven by new bottom-up, participatory, or peer-driven models that operate very differently from traditional institutions.
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Never before, not when Ortelius began collecting the images of the New World in his Antwerp workshop, not during the explosion of maps for railway tourists in the nineteenth century, did so many maps fly around the world so quickly. Mapping once was an arcane art, the practice of a few trained business or government data analysts; now we have a virtual cottage industry of map-makers.
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“How did we get from Hollywood to YouTube? What makes Wikipedia so different from a traditional encyclopedia? Has blogging dismantled journalism as we know it?”
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