Collective economics are an alternative economic system to capitalism and communism, popularized by the economist Michael Albert and his group, the Participatory Economics Foundation (Parecon). The main premise of collective economics is that people should be rewarded with income for their time and effort, not for what they own. This concept may resonate with black workers in America because of their history of exploitation based on skin color alone. Collective economics could also help to combat poverty since it would be similar to a universal basic income in that all citizens would receive money based on need rather than merit.

This episode is also available as a blog post: https://ubuntuvillageusa.org/2022/01/17/ideas-for-collective-economics/