Here is how I see it potentially working. Workers councils will run each enterprise, and consumers councils will be elected in communities by popular assembly. Information technology will be used to process economic data, including consumption patterns, resource availability, ecological impact, productive capability, etc.
Workers and consumers councils will federate together on a local, regional, national, and international level. Computer algorithms will process economic data and create a series of potential economic plans that will result in the creation of an artificial abundance, allowing for free self-determined consumption by all. Workers and consumers councils, through federation, will democratically determine the best plan in a given period. Once a plan is agreed upon, the federated councils will then decide how to best implement the plan. Once this is all figured out production begins, and aims at meeting the target quotas. We will automate every part of production that can be automated, to reduce the need of human labor and enable everyone to have more free time and less labor time.
This would be a system of directly-democratic cooperative planning, using information technology and all that is made possible by it. With the technological power we have today, rational economic planning is not only possible but imperative.
Marxism is a revolutionary worldview that must always struggle for new revelations. Marxism must abhor nothing so much as the possibility that it becomes congealed in its current form. It is at its best when butting heads in self-criticism, and in historical thunder and lightning, it retains its strength. - Rosa Luxumburg
Life is beautiful. Let the future generations cleanse it of all evil, oppression and violence, and enjoy it to the full.
- Leon Trotsky