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The author reiterates the reasons why neoliberalist policy has not led to a capitalist system in Russia, and reexamines socialism as having better socioeconomic potential than capitalist development strategies adopted by China.

The author addresses the complexities of economic coordination, then examines the process with regard to prices, incomes, incentives, referenda, parametric forms, and entrepreneurs. The article is followed by comments from other contributors to the special issue, to which the author responds.

The author assesses democratic planned participatory socialism (DPPS). Topics include the innovation process under DPPS, innovation performance under contemporary capitalism and under state socialism, and a comparison to innovation performance under DPPS. Following the article are comments made by other contributors to the special issue, to which the author replies.

The authors define their model of a participatory economic system, which relies on workers' councils, consumers' councils, and neighborhood councils, and then reply to specific criticisms that have been made about their model. The criticisms they answer include concerns about insufficient incentives, incentives to work, allocative efficiency, reliance on altruism, and lack of a 'free' mechanism. The article is followed by comments from other contributors to the special issue, to which the authors respond.