Summary of Michael Albert's No Bosses

By IRB Media

Get the Summary of Michael Albert's No Bosses in 20 minutes. Please note: This is a summary & not the original book.Original book introduction: Life under capitalism. Rampant debilitating denial for the many next to vile enrichment of the few. Material deprivation, denial, and denigration. Dignity defiled. Michael Albert's book No Bosses advocates for the conception and then organization of a new economy. The vision offered is called participatory economics. It elevates self-management, equity, solidarity, diversity, and sustainability. It eliminates elitist, arrogant, dismissive, authoritarian, exploitation, competition, and homogenization. No Bosses proposes a built and natural productive commons, self-management by all who work, income for how long, how hard, and the onerousness of conditions of socially valued work, jobs that give all economic actors comparable means and inclination to participate in decisions that affect them, and a process called participatory planning in which caring behavior and solidarity are the currency of collective and individual success.

• Language: English
• Publisher: IRB Media
• Release date: Nov 23, 2021
• ISBN: 9781638157595

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Michael Albert's No Bosses

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 1

#1

There are three ways to envision a better future: rejecting the current reality’s evils; preserving what remains; or extending what remains.

#2

Start by considering the positive social values that you want to instill in your children. List them down, and then figure out how you’re going to implement them in your everyday life.

#3

The most difficult part of implementing Pareto’s rule of 80/20 is making sure that everyone is fairly and equally represented. Otherwise, it could lead to poor decisions being made.

#4

According to the traditional economic model, people should be rewarded based on their contribution to society, which is measured by their income. However, this model fails to take into account the moral and ethical constraints of capitalism.

#5

In a free market, people get what they want. However, this also means that people will be getting what they ask for.

#6

We must try to eliminate economic interactions that are antagonistic. People should not see each other as opponents, as means to an end, or as obstacles to avoid or overcome. Instead, their well-being should depend on each other’s well-being.

#7

Diversity enriches our life options in the same way that hierarchy narrows them. Diversity is our fourth value.

#8

We