Top Definition
A collectivist system of government of the latter half of the 21st century built on the principles of direct democracy without any need for state, established globally upon a peer-to-peer internet system (aka alternet).

Traditional "voting" is replaced by direct participation in multimetrics trade and votes are tallied locally rather than through a centralized organization which is often prone to corruption.
Panocracy transcends the unimetric capito-socialist economies and oligarchical lies of the turn of the century to build a healthier, more just society.
by gregjockca December 04, 2011
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