Category Archives: Economic democracy

The Weakening of Political Democracy and the Prospects of Economic Fairness

By Trond Øverland

All over the world over, the economy is getting worse.1 Everywhere we see the same scenario: disappearing well paid jobs which results in less purchasing capacity. When most of the fit population no longer have a decent income, they will neither be able to fend for themselves nor contribute to the economy. Due to the ensuing …

No More Political Parties – PROUT for Essential Social Unity

[Prout Globe, November 2016] – The present system of democracy relies on political parties as a means for directing voting processes, representation, etc.

Party politics however only seems to teach us to be quarrelsome, judgemental, divisive, backtracking, tricky, crooked, etc. The party system could be said to act as a bar to natural basic human cooperation.

In fact, the party …

Economic Democracy: The Foundation of a Neo-Humanistic Family

In 1986, Shrii Sarkar revealed a new mission for humanity – economic democracy. He noted that in no country does there exist an economic democracy. At certain times in history, economic democracy may have existed for a brief period without any conscious awareness and without any clear principles. Later in1989, Shrii Sarkar also gave the mission to …

The Eight Principles of Economic Democracy

Aśt́áuṋga Artha Ganatantra

By Taraka 2015


Principle I: Minimum requirements guaranteed to all
Principle II: Increasing purchasing capacity guaranteed to all
Principle III: All resources in a socio-economic unit should be controlled by the local people
Principle IV: Production should be based on consumption, not profit
Principle V: Production and distribution should be organized through cooperatives
Principle VI: Local

First Principle of Economic Democracy

"People will have to opt for either political democracy or economic democracy. That is, they will have to choose a socio-economic system based on either a centralized economy or a decentralized economy. Which one will they select?"
– Shrii Prabhat Rainjan Sarkar, propounder of PROUT

1) The first requirement for economic democracy is that the minimum requirements of a particular

Second Principle of Economic Democracy

2) The second requirement for economic democracy is that increasing purchasing capacity must be guaranteed to each and every individual. In economic democracy local people will hold economic power. Consequently, local raw materials will be used to promote the economic prosperity of the local people. That is to say, the raw materials of one socio-economic unit should not be exported