Workers’ self-management and social property: A participatory approach to black economic development

Conclusion and Implications Self-management provides a context and a process for economic growth, political development, and institution building. Since its use as a developmental model does not presuppose unalterable fealty to any dogmatical theory, it can be easily modulated and revised to fit the particular needs and circumstances of the black community. For example, the concept of workers’ management and social property is a derivation of Marxian theory of social and economic organization. Moreover, Yugoslavia, the only sociopolitical system in which the theory of labor-managed market socialism has been reduced to action through system-wide implementation, is, unlike the U.S. economy or the black community’s subeconomy, a decentralized socialist state. 29 But the conceptual lineage or previous use of the idea does not preclude its revision for use by groups with different socio-historical experiences and contemporary conditions.