Category Archives: Centralisation of wealth

The Modi Administration Needs to Stop Shareholder First Policy to Save India from Disaster

Dr. Susmit Kumar, Ph.D.
susmitkumar.net

As discussed in this article, the Modi administration needs to stop the shareholder first policy, the prime accused in the impending collapse of the US economy, to save the Indian economy from disaster. As discussed in my several papers, the US economy is surviving for the last three decades mainly by printing its currency, which …

Lateral Entry Door for Private Sector Specialists in Government – A Disaster for India

By Dr. Susmit Kumar (IAS)

As per a Niti Aayog proposal, 50 specialists from the Indian private sector are to be inducted in government departments at the level of director and joint secretary (Government to open lateral entry door for private sector specialists, The Economics Times/PTI, July 23, 2017).

This will be a disaster for India because the ultimate …

Wealth Accumulation Makes People Less Empathetic, More Selfish

By Trond Øverland

PROUT identifies the centralization of wealth as a main cause of the ongoing global economic recession. A recent study[1] indicates that the accumulation of wealth leads to inhuman behavior. Even the mere thought of getting richer makes people less empathic and more selfish.

Given that poverty offers fewer resources, greater exposure to insecurity, and a reduced sense …

A Cooperative Economy – What Might It Look Like?

By Jake Karlyle
PROUT Research Institute, Australia 

Paper given at the Hobart conference 'Community, Economy and the Environment:
Exploring Tasmania’s Future', 15 October 2005

Introduction

The topic for discussion is: “A Cooperative Economy – What Might It Look Like?” Over the last 150 years or so, two socio-economic systems have dominated the world:  capitalism and  communism. Capitalism is synonymous with individual …

The Wealth Cap and Other Practical Proposals for Reducing Inequality

Ac. Krsnasevananda Avt.
Inequality is the issue of the day – the real cause behind the prolonged recession and a major contributing factor in social, environmental and ethical issues affecting societies all over the world. It is finally dawning upon the public (and even upon some economists) that if you keep increasing production capacity (by making people work longer for …

Ownership

PROUT suggests we exchange the idea of pervasive private ownership for stewardship and an absolute right to utilization.

Trond Overland
Imagine a society where people run most things together. Utopian, you say? Well, it would not be so different from the way most of us share our homes, transport, work places, free time, etc. Human beings already share utilities, properties, …