Decentrally planned economy

This article is about an economic system which is controlled directly by individuals . For planned economic system that employs central planning, see Command economy.

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A decentrally planned economy or decentralised planned economy (occasionally horizontally planned economy) is an economy where members of a society, acting with equal economic power, democratically plan economic activity in the absence of a central authority.

The 1970 Chilean computer controlled planned economy cybersyn was pioneered by Salvador Allende's socialist government, in an attempt to move towards decentralised planning with the experimental cyberfolk component.

During the Spanish Revolution some Anarchist areas were run under decentralised planning following the principles laid out by Diego Abad de Santillan in the book After the Revolution [1]

Decentralised planning has been a feature in socialist and anarchist economics. Variations of decentralized planning include participatory economics, economic democracy and industrial democracy, and have been promoted by various political groups, most notably libertarian socialists, guild socialists, Trotskyists, anarchists and democratic socialists.

Structure

The planning structure of a decentralized planned economy is generally based on a consumers council and producer council (a distributive cooperative), which is sometimes called a consumers' cooperative. Producers and consumers, or their representatives, negotiate the quality and quantity of what is to be produced. This structure is central to participatory economics, guild socialism, and economic theories related to anarchism.

See also

• Self-managed economy
• Socialist economics
• Market abolitionism
• Horizontalidad
• Participatory economics
• Inclusive democracy
• Project Cybersyn
• Economic democracy
• Economic planning
• Anarchist Spain