The vision of the Progressive Utilization Theory (PROUT) is to create a society where every individual can fulfill his or her potential and where all resources are utilized in an efficient and sustainable manner. The PROUT model offers an integral approach to social change and justice, including people-centered economics, environmental sustainability, and a new model of prosperity. The PROUT economy favors cooperation and a strong ethical leadership, placing the vital needs of people and planet ahead of corporate and individual profit. PROUT’s socio-economic system is community focused, decentralized and sustainable, while also embracing the challenges of globalization. PROUT’s economic development model aims at turning corporations into worker-owned cooperatives, while maintaining a thriving small business sector as well as an efficient government serving the needs of people and the environment.
The Progressive Utilization Theory (PROUT) was formulated in 1959 by P. R. Sarkar, an Indian social thinker, activist and philosopher. Recognizing the deficiencies of existing social and economic models, Sarkar proposed a new socio-economic system dedicated to meeting the needs of both people and planet.
THE PROUT ECONOMY
PROUT supports a market economy that meets the diverse needs of individuals and of society as a whole, without compromising our ecological balance. While capitalism is focused on the maximization of profits to benefit a few, PROUT’s economy seeks to build wealth for everyone. Its goal is to raise the standard of living so that people can meet their basic needs as well as access resources for satisfying their higher intellectual, artistic, and spiritual aspirations.
To achieve such a thriving economy, PROUT relies on the principle ofand . is the adequate and sustainable supply of products and services for human consumption by using the most cost-effective and efficient means possible. This includes the use of advanced, eco-friendly, cradle-to-cradle technologies for higher productivity in order to maintain a balance between human demand and healthy ecosystems. It also comprises of coordinated local economic planning to avoid duplication and to maximize cooperation.
refers to the demand side of the economy. According to PROUT, a healthy economy must provide employment for 100% of the working population so that they can acquire basic goods and services in the marketplace. Additionally, adequate wages and earnings are essential to sustain the growing demands and needs of the population. To ensure a dynamic economy, PROUT suggests an incentive system to motivate and reward highly capable and industrious workers. Finally, also includes dispensing resources to those with special needs who are incapable of participating in the labor market.
IMPLEMENTATION OF PROUT