Amid growing economic and industrial centralisation, PROUT offers alternative structural concepts within a progressive socioeconomic system that prioritises everyone’s well-being, including that of the environment. A new article by Apek Mulay develops the late Ravi Batra’s original concept of “Mass Capitalism” as a useful framework for examining PROUT’s three-tiered industrial model within a market-oriented system. In this system, large-scale infrastructure …
Category Archives: Economic democracy
Mass Capitalism 2.0: A Three-Tier Business Model for the AI Economy
Adapting the Semiconductor Industry’s Three-Tier Model to Artificial Intelligence, Data, Robotics and Advanced Computing
The rapid development of artificial intelligence is creating a new industrial economy. AI is no longer simply a software industry. It increasingly depends on an integrated physical and digital infrastructure consisting of semiconductors, advanced manufacturing, data centers, cloud computing, energy, telecommunications networks, AI models, robotics, software, …
People’s purchasing power first; economic democracy now
ECONOMIC DEMOCRACY OVER POLITICAL DEMOCRACY!
The Requirements for Economic Democracy:
- Minimum requirements of life must be guaranteed to all.
- Increasing purchasing power must be guaranteed to each and every individual.
- The power to make all economic decisions must be placed in the hands of the local people.
- Outsiders
PROUT, NeoHumanism and Spirituality are Inseparable for a Humane Economics
By Taraka
…“People must develop closer and closer links with each other. One heart must gain a warm and deep understanding of another heart.
To make people conscious of their rights in every sphere of life – social, economic, psychic and spiritual – is called jiṋána vistára [expansion of knowledge]; and [for them] to exercise these rights fully is called
The Limits of Business
A Prout Globe survey
As is well known, Prout places limits on the individual accumulation of physical wealth. It leaves it to the collective to decide on those limits. The private sector is distinctly regulated under Prout. We should note that such private sector limitations do not refer to psychic and spiritual types of wealth but to physical, material wealth …
The Point of Taxation
By Prabhakar
A few years ago, American investor Warren Buffett famously stated that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy. So, is the present cry for taxing the rich at all rational?
The political conclusion on taxation is that a tax system always operates within an economic …
The Weakening of Political Democracy and the Prospects of Economic Fairness
By Prabhakar Overland
All over the world the economy is getting worse for ordinary people.1 Well paid jobs are disappearing and purchasing power is stalled.
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 weak consumption and economic …
WE WANT ESSENTIAL UNITY; No More divisive Political Parties
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 system generates a class of …
PROUT’s Economic Revolution In a Nutshell
T N Das
…Regarding earning money and hoarding wealth, most capitalists today are pishácavats [ghouls]. In Sanskrit pisháca means “one who breaks the neck of an animal and then sucks out all the blood, leaving only the flesh and bones”. In India it is said that it is extremely difficult to understand the nature of these bloodsucking ‘vampire capitalists’ –
Economic Democracy: The Foundation of a Neo-Humanistic Family
GAYATTRII GHISTA
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 …