Through its policies of economic democracy, Prout avoids market failures by decentralizing the economy and putting economic development into the hands of local communities and regions.
Capitalism allows the majority of wealth to remain in the hands of a small number of powerful individuals and corporations. In order to create greater economic equity, Prout proposes that each society decides upon a limit on the over-accumulation of wealth.
Prout proposes to replace income tax with production tax to create and simpler and fairer system that discourages tax evasion and supports local economy.
Prout’s socio-economic system is based on empowered, decentralized economies, which build local wealth and encourage regional self-sufficiency.
All able adults should have access to jobs with decent wages in order to meet their basic needs and support their ongoing development. According to Prout, employment, rather than welfare, is the way to raise the standard of living and build local economy.
Proutist Universal (PU) is a global network of activists and thinkers inspired by the integral vision and approach of the Progressive Utilization Theory (PROUT).
PU publishes, presents, and networks to share those ideas and engages locally to put PROUT’s guiding principles and values into practice.
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