I've always thought the most realistic proposal for a decentralized, egalitarian economy is Philippe Van Parijs's proposal for a Universal Basic Income. ( http://www.bostonreview.net/BR25.5/vanparijs.html ) Which is basically to keep the capitalist economy, but provide everyone the highest possible unconditional income with no restrictions on what it can be used for and no requirement that recipients perform any income-generating labor.
You'd still have capitalism, sure -- but it'd have a lot of its teeth pulled out. It would give workers infinitely more bargaining power than they have presently. Leisure time would increase dramatically. Eventually, I suspect, a lot of the worst capitalist institutions would wither away as more and more people choose leisure over the rat race. Are there any better medium-term proposals?
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