The upcoming Mass Capitalism: A Blueprint for Economic Revival by Apekshit Mulay offers to solve the economic problems which are threatening the survival of the US and world economy. The solutions presented in the book would help establish a free market economy. They would lead to a balanced economy, high investments, high growth, and increased motivation for employees to work …
Category Archives: Economy
The Winner Takes It All and Continues to Act Like a Cheat
October 3, 2013 – This month marks the fifth anniversary of the launch of America’s Troubled Assets Relief Project (TARP), a 430 billion dollars bank bailout program. This month also saw the US government stopping the wages of 800.000 government employees, thereby shutting down numerous public services in a move that is hitting the economy severely.
Do …
U.S. Income Gap Stratospheric
(PROUT Globe, June 2013) – The gap between haves and have-nots in the Unites States is now so unhinged that researchers find it difficult to fit it with that of other developed nations. A new report from the International Labour Organization shows that U.S. inequality has literally gone off the chart, TruthOut reports.
“Income inequality in the United States …
Rational Purchasing Cost for All Foods, Bills, Tickets and Rent for All Citizens
By Manas Nandi, India
Every citizen will be given an electronic card for all-purpose purchases. Government will provide an electronic Purchase Card to a citizen based on his monthly income. The Purchase Card will contain an assessed Purchasing Factor. Purchasing Factor depends on one’s purchasing capacity. Every citizen needs to credit a money balance. The amount of money balance will …
Shrii Prabhat Rainjan Sarkar on Purchasing Capacity
Sources are referred at the end.
"The greater the purchasing power of the people, the higher their standard of living."
"To effectively implement this, increasing the purchasing capacity of each individual is the controlling factor in a Proutistic economy. The purchasing capacity of common people in many undeveloped, developing and developed countries has been neglected, hence the economic systems of …
A Progressive System of Taxation
The following material is based on Michael Towsey’s essay, “Tax in a Proutist Economy, Version 2.1”, PROUT Institute of Australia, 24 June 2005, 39 pp.
Tax is government’s claim on a portion of the wealth produced by the community. There are three primary reasons governments levy taxes: 
- To provide public goods and services, such as police, courts, schools, roads, garbage
– Break Up Big Banks; IMF
(PROUT Globe, September 26, 2012) – The International Monetary Fund has warned that bank reform has stalled, and that financial regulators need to consider breaking up big banks to make the global economy safer.
“Banks are as risky as they were before the financial crisis and are devising new ways of gaming the rules,” the IMF states in its Global …
The US ‘will return to gold standard within two years’
(PROUT Globe, September 2012) – A major US investor warns that further rounds of quantitative easing will be disastrous, and predicts the world’s leading economy will return to the gold standard.
“QE3 is coming. You know we’ve got a phony recovery, so it’s going to fail,” Euro Pacific Capital chief Peter Schiff argues. “We are headed for a currency crisis, …
PROUT’s Rational Banking System
By Prabhakar Overland
Modern banking emerged during the Italian Renaissance. The idea behind it was ancient:
To make money out of lending money.
(Click image for larger image)
The present situation
The main reason for the continuing recessions and depressions all over the world today is that vast deposits of money are not being released to those who require resources. …
Keep Money Rolling
By P.R. Sarkar
(21 December 1986, Kolkatta) – The value of money increases with its mobility. That is, the more that money changes hands, the greater its economic value. On the other hand, the more that money is kept immobile in a safe, the more it loses its utility, and thus its economic value decreases. This is the most fundamental …