Category Archives: Economic democracy

How Can “Local People” Manage the Economy?

PROUT says the economy should be controlled by local people. But the art of running businesses successfully and the science of economics require particular skills and expertise; how can we expect “local people” to manage it?

“Localisation” is a popular term among those who are looking for an alternative to capitalism. PROUT’s concept of localisation has several important aspects to …

Economic Democracy

P.R. Sarkar
Nature has been kind enough to provide abundant natural resources to every region of this earth, but she has not given the guidelines on how to distribute these resources among the members of society. This duty has been left to the discretion and intelligence of human beings.

Those who are guided by dishonesty, selfishness and mean-mindedness misappropriate these …

Requirements For Economic Democracy

P.R. Sarkar
Political democracy cannot fulfil the hopes and aspirations of people or provide the basis for constructing a strong and healthy human society. For this, the only solution is to establish economic democracy.

The first requirement for economic democracy is that the minimum requirements of life must be guaranteed to all. The minimum requirements of a particular age — …