Multilevel Democratic Iterative Coordination (MDIC): A Path for Socialism beyond the Market/Central Planning Dilemma

Interest in socialism is growing throughout the world. But “socialism” too often simply means belief in equality, democracy, and solidarity with working and oppressed people. That vision remains crucial; but we also need to re-develop the theory of a socialist system—not just a middle path, a “mixed economy” between the excesses of market-driven behavior (“capitalism”) and the inadequacies of central planning (“socialism”). A re-envisioned socialism can draw upon both historical experience and modern technology, to become a new and distinctive way of life, one that truly meets the awesome challenges of human potential.