prout economics that make sense

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PROUT Economics that make sense

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Page 1: Prout economics that make sense

PROUTEconomics that make sense

Page 2: Prout economics that make sense

Today’s Economics

Page 3: Prout economics that make sense

Today’s Economics

Page 4: Prout economics that make sense

Today’s Economics

Page 5: Prout economics that make sense

Today’s Economics• Today’s Economy makes sense for a small percentage of

people• The results are according to the system• The present system does not work for all• There is need of a change of system

Page 6: Prout economics that make sense

Today’s Economics – Present system• Encourages accumulation of resources• Few people have accumulated a lot• Profit motive• Ownership by a few• Centralized industrial system

Page 7: Prout economics that make sense

PROUT• PROgressive Utilization Theory• Focus

• Utilization• Distribution

Page 8: Prout economics that make sense

First Fundamental Principle of PROUT

• No individual should be allowed to accumulate any physical wealth without the clear permission and approval of the collective body.

Page 9: Prout economics that make sense

First Fundamental Principle of PROUT

• Accumulation• Physical wealth• Permission• Collective body

Page 10: Prout economics that make sense

First Fundamental Principle of PROUT

• Life in a family

Page 11: Prout economics that make sense

Points of PROUT• Motive

• Not profit• But consumption

• Goods are produced to be consumed by the maximum number of people

Page 12: Prout economics that make sense

Employment• If the motive is not profit• There will be employment for all• Reduce working hours – distribute the work•

Page 13: Prout economics that make sense

Ownership• Very small enterprises – private• Small – medium – large – cooperatives• Large – key industries – immediate government

• Incentives + bonus• Labor ownershipual should be allowed to accumulate any

physical wealth without the clear permission and approval of the collective body.

Page 14: Prout economics that make sense

Cooperatives• Medium – Large enterprises• Collective ownership• Difficulties:

• Cooperatives cannot stand open competition• Protective armor – exemption of taxes, etc.

Page 15: Prout economics that make sense

Factors Needed for a Co-op’s Continuing Success

1. Morality 2. Strong administration3. The whole-hearted acceptance of the co-operative

system by the people. This requires:1) Successful co-operative models 2) Education of the community about the benefits of the co-

operative system.

• Appropriate modernization with the latest technology will increase production.

Page 16: Prout economics that make sense

Agricultural Development

• In rural villages and small towns a large number of agro- and agrico-industries should be established.

• Agrico-industries supply “pre-harvest” inputs to farmers – seeds, fertilizers, tractors, greenhouses, etc.

• Agro-industry is “post-harvest,” processing raw agricultural products into consumer goods – flour, oil, fruit and vegetable processing, dairy plants, medicinal herb laboratories, etc.

Consumer cooperatives

Agricultural cooperative

s

Agrico-industrial

cooperatives

Agro-industrial cooperatives

Page 17: Prout economics that make sense

Purchasing power• Minimum necessities guaranteed to all• Ever increasing purchasing power• Maximum amenities• Special amenities to those with special role/capability

Page 18: Prout economics that make sense

Income Tax• “Prout advocates the abolition of income tax. • In India today if income tax is abolished and excise duty on

excisable commodities is increased by only ten percent, there will be no loss of government revenue.

• When there is no income tax, nobody will try to accumulate black money. All money will be white money.

• As a result there will be economic solidarity, an increase in trade and commerce, more investment, more employment and an improvement in the position of foreign exchange.

• Intellectuals should demand the abolition of income tax.” [P.R. Sarkar, “Developmental Planning”]d be allowed to accumulate any physical wealth without the clear permission and approval of the collective body.

Page 19: Prout economics that make sense

Tax• Resource taxes, sales and excise taxes and land value

tax. • Land tax would be collected by local and state

governments, sales tax by federal government. • Resource and excise taxes could be levied by all three

levels of government.

Page 20: Prout economics that make sense

Enough resources• Rational distribution• Maximum utilization• VS.• Growth – Austerity• Accumulation

Page 21: Prout economics that make sense

Socio-economic units

• India has 44 socio-economic units. • Each should make its own coordinated economic plan for

decentralized development through full employment.

Page 22: Prout economics that make sense

Socio-economic units

• This will start an all-round socio-cultural and economic awakening in India.

• All people — regardless of whether they are rich or poor, old or young, educated or illiterate — inspired by a common anti-exploitation sentiment, will start a powerful movement for socioeconomic liberation.

Page 23: Prout economics that make sense

Economic Independence to women• Without economic independence to women society will

always be carrying a burden

Page 24: Prout economics that make sense

Morality• Yama and Niyama• Principles of morality

Page 25: Prout economics that make sense

Political Education• Politicians fool the people to grab power• Politicians will not be able to fool the people

Page 26: Prout economics that make sense

Universities &Educational Institutions• Free from party politics• They should not be an agent of the political system

Page 27: Prout economics that make sense

Sadvipras – Moral Spiritual Leadership

• Selecto-electoral system• Executive is selected• Policy making is elected

• Lower house – by population• Upper house – every minority represented

Page 28: Prout economics that make sense

Raise Consciousness• People conscious of their rights and demands• For that:

1. Study Circles

2. Platform propaganda

3. Support Sadvipras in democratic fight

Page 29: Prout economics that make sense

Sound Economic System• 1. Minimum necessities guaranteed to all• 2. Common philosophy of life• 3. Universality in Constitutional Structure

• Cardinal law• Moral law - There should be little difference• Human law

• 4. Common Penal Code

Page 30: Prout economics that make sense

Some extra points• Special amenities for those with special duties/skills• Ever growing purchasing power• Liberty

• Physical sphere – limitations• Psychic sphere• Spiritual sphere

• Spiritual base

Page 31: Prout economics that make sense

Rational Distribution – Max Utilization• Resources are sufficient and more can be created• Rational Distribution – all get benefit• Maximum Utilization – nothing goes to waste

Page 32: Prout economics that make sense

Economics that make sense• When everyone is benefited by the economy• It makes sense• Studies show that greater the inequality, greater the social

problems• Today’s economic system is designed to benefit a few• Change has to be started