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Are there any examples of a Participatory Economy in practice?

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Historically, there have been features of a participatory economy implemented in many different parts of the world, including in South America and during the Spanish and Russian revolutions, where workers formed networks of self-managed councils and federations.

In the world today, you can find elements of a participatory economy in action, where people are engaging in participatory budgeting, and within the global co-operative movement consisting of many thousands of worker owned and controlled businesses. The participatory economics model seeks to extend the values of worker co-operatives to the whole economy, through linking them via a democratic planning procedure thereby advancing one of the key principles in the cooperative movement of ‘co-operation between co-operatives’.