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PROUT ECONOMIC DEMOCRACY 

To make democracy successful, economic power must be ve in the hands of the common people and the minimum requirements of life must be guaranteed to all. This is the only way to ensure the economic liberation of the people. PROUT’S slogan is: “To end exploitation demand economic democracy, not political democracy.”

Requirements for Economic Democracy:

The first requirement for economic democracy is that the minimum requirements of a particular age-including food, clothing housing, education and medical treatment – must be guaranteed to all Not only is this an individual right, it is also a collective necessity, because the easy availability of the minimum requirements will increase the all round welfare of society.

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 to another unit Instead, industrial centres should be built up wherever raw materials are available. This will create industries based on locally available raw materials and ensure full employment for all local people.

The third requirement for economic democracy is that the power to make all economic decisions must be placed in the hands of the local people. Economic liberation is the birth right of every individual. To achieve it, economic power must be vested in the local people. economic democracy the local people will have the power to make all In economic decisions, to produce commodities on the basis of collective necessity, and to distribute all agricultural and industrial commodities.

The fourth requirement for economic democracy is that

outsiders must be strictly prevented from interfering in the local economy. The outflow of local capital must be stopped by strictly preventing outsiders or a floating population from participating in any type of economic activity in the local area.

There is only one way to stop economic exploitation and alleviate the plight of the common people, and that is to implement a policy of decentralized economy in all the sectors of the economy. For the success of economic democracy, PROUT must be implemented and the economic welfare of all people must be enhanced step by step. This in turn will lead to greater opportunities for the spiritual emancipation of human beings.

Finally, it should be remembered that economic democracy is essential not only for the economic liberation of human beings, but for the universal well-being of all including plants and animals. Economic democracy will devise ways and means to affect the smooth progress of society by recognizing the unique value of both humans and non-humans alike.