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Five Fundamental Principles of PROUT: Difference between revisions
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Five Fundamental Principles of PROUT (view source)
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Under PROUT, efficiency in respect to production and distribution is enhanced by judicious allocation of [[#Amenities|amenities]]. Another way in which efficiency would be enhanced is by restricting hiring in respect to [[:wikipedia:Floating population|floating populations]].<ref>''The problem of a floating population and immigrant labor will not occur in the cooperative system, as cooperative members will have to be local people. Floating laborers should have no right to be cooperative members – migratory birds have no place in cooperatives – as they can disturb a whole economy. Howrah district, for example, produces sufficient crops in a season to feed the local people for seventeen months, but due to immigrant labor the produce is consumed in six and a half months. The elimination of the floating population will also protect the social life of the cooperative from the possibility of adverse social influences.'' Sarkar, Prabhat Ranjan (1982). "Farmers Cooperatives" published in ''PROUT in a Nutshell Volume 4 Part 20''. [[Ananda Marga Publications]].</ref> | Under PROUT, efficiency in respect to production and distribution is enhanced by judicious allocation of [[#Amenities|amenities]]. Another way in which efficiency would be enhanced is by restricting hiring in respect to [[:wikipedia:Floating population|floating populations]].<ref>''The problem of a floating population and immigrant labor will not occur in the cooperative system, as cooperative members will have to be local people. Floating laborers should have no right to be cooperative members – migratory birds have no place in cooperatives – as they can disturb a whole economy. Howrah district, for example, produces sufficient crops in a season to feed the local people for seventeen months, but due to immigrant labor the produce is consumed in six and a half months. The elimination of the floating population will also protect the social life of the cooperative from the possibility of adverse social influences.'' Sarkar, Prabhat Ranjan (1982). "Farmers Cooperatives" published in ''PROUT in a Nutshell Volume 4 Part 20''. [[Ananda Marga Publications]].</ref> | ||
The banking system is a crucial element of commercial economy. Without banks, the mobility of money would be hindered. However, banks and similar institutions have a tendency to be greedy. Hence, they may make unsafe or unwise loans. When that occurs, depositors are at risk of losing their savings. | The banking system is a crucial element of commercial economy. Without banks, the mobility of money would be hindered. However, banks and similar institutions have a tendency to be greedy. Hence, they may make unsafe or unwise loans. When that occurs, depositors are at risk of losing their savings. (Some recent examples of this problem are the [[:wikipedia:Savings and loan crisis|savings and loan crisis]] in the 1980s and 1990s, the [[:wikipedia:Subprime mortgage crisis|subprime mortgage crisis]] in the 2000s, and, most recently, the [[:wikipedia:Libor scandal|Libor scandal]] of 2012.) PROUT insists that the banking system be carefully regulated. The establishment of local banking [[#Cooperatives|cooperatives]] can also help to reduce risks.<ref>Sarkar, Prabhat Ranjan (date unknown). "Questions and Answers on Economics – Excerpt C" published in ''Proutist Economics''. [[Ananda Marga Publications]]. ISBN 81–7252–003–4.</ref> | ||
With respect to [[:wikipedia:Monetary policy|monetary policy]], a PROUT-based economy would prohibit the issuance of [[:wikipedia:Money|currency]] that does not have a proportionate amount of reserved bullion (typically, [[:wikipedia:Gold standard|gold]]). This would eliminate the possibility of crippling inflation and facilitate a genuine and recognizable increase in [[:wikipedia:Purchasing power|purchasing power]].<ref name="ReferenceB"/> | With respect to [[:wikipedia:Monetary policy|monetary policy]], a PROUT-based economy would prohibit the issuance of [[:wikipedia:Money|currency]] that does not have a proportionate amount of reserved bullion (typically, [[:wikipedia:Gold standard|gold]]). This would eliminate the possibility of crippling inflation and facilitate a genuine and recognizable increase in [[:wikipedia:Purchasing power|purchasing power]].<ref name="ReferenceB"/> | ||