2014/10/21 Welcome, progressive-minded reader!
Correction – What Correction!
Shrii Prabhat Rainjan Sarkar, the founder of PROUT, while commenting in 1987 on the imminent downfall of communism and capitalism, emphasized two main reasons for serious economic downturns: 1) extreme concentration of the value of wealth, and 2) monetary standstill. Indeed, a recent Credit Suisse report on wealth states that the world’s richest 1% now own about half of the total global wealth, and although that wealth has grown to a new record – $263tn, more than twice the $117tn calculated for 2000 – 90 per cent of the world´s population owns only 13% of it. This development may intensify economic recession, the report´s authors state. Click to read…
PROUT’s Rational Banking System
Today’s banking is dominated by all-devouring colossuses that crave to be fed by public money, whenever their speculation fails spectacularly, to continue their existence as masters of global trade. In contrast, PROUT’s banking system presents a rational approach to supplying money when and where it is required for human welfare.
Also: Break Up Big Banks; IMF
Further escalation of the crisis of capitalism will cause unemployment figures to rise sharply throughout the world. One in ten around the world are unemployed while youth unemployment is particularly high. By virtue of its decentralized, balanced economy and emphasis on the cooperative sector, PROUT guarantees 100% employment and increasing purchasing capacity for all.
Social Security and the Authority of the State
The Winner Takes It All and Continues to Act Like a Cheat
It’s five years since the launch of America’s Troubled Assets Relief Project (TARP), a 430 billion dollars bank bailout program. Commemorating the jubilee, the US government stopped the wages of 800.000 government employees, thereby shutting down numerous public services in a move that hit the economy severely. Do TARP and similar programs, such as the trillions of dollars provided to big banks through Quantitative Easing (QE), work as intended?
Also: QE Fails to Deliver, Banking System Needs to Change
Solving the Global Water Crisis
Wells are drying up and underwater tables falling so fast in the Middle East and parts of India, China and the US that food supplies are seriously threatened, a world leading resource analyst has warned. PROUT founder Shrii Prabhat Rainjan Sarkar offered a visionary analysis and practical solutions for the global water crisis.
A Silent March for the 1982 Seventeen
Assistant District Magistrate Sher Singh has offered that PROUT was the reason for the cruel attack and murder of the 16 Ananda Marga monks and one nun in broad daylight in Kolkata in 1982. The Ananda Marga organisation supports PROUT throughout India and the world. The atrocities were witnessed by thousands of people but no arrest has been made till date. Click to read the report
PBI Calls for Moralist Politicians
Hundreds of Proutists activists marched in Odisha state capital Bhuvaneshvar demanding 100% employment as a fundamental right, empowerment of farmers to decide the price of their produce, and total prohibition in the state. The activists submitted a memorandum to the state Chief Minister, suggesting political reforms and a call for morality in politics. Click to read …