Prout proposes a [[socioeconomics|socioeconomic]] system that is an advancement on [[capitalism]] and the largely outdated [[communism]].<ref name=Irving/> Under the system [[Tangible property|material goodsresources]] would be [[common ownership|commoncollective property]] andfrom which usufructuary rights are carved out for use by individuals or groups of individuals. [[Distribution (economics)|distributed]] of goods in a market has to be rational and equitable, wayso tothat the allocation of a good maximizemaximizes the physical, mental, and spiritual development of all people.<ref name=Crovetto2008/><ref name=Onwuka /> TheThere must always be a baseline distribution that intends to guarantee food, clothing, shelter, education, and medical care (what the theory regards as minimum requirements for humans).<ref name=Crovetto2008/>
Prout advocates a three-tiered approach to [[industrial organization]]. Key industries and [[public utilities]] would beoperate on a [[nonprofitno organizationprofit - no loss basis]]s as these are resources held on trust for the public. Decentralized industry run by [[sociolinguistics|sociolinguistic]] unions would provide people's minimum necessities. The majority of economic transactions would be through producers' and consumers' [[cooperative]]s.<ref name=Crovetto2011/> Incentives for people serving society would be funded via surpluses.<ref name=Crovetto2011/>
At the political level, Prout rejects [[nationalism]]. Instead, there would be locally governed self-sufficient socioeconomic zones and a [[world government]].<ref name=Crovetto2011/><ref name=Inayatullah/> There would be a world [[constitution]] and a [[bill of rights]] for animals and plants, as well as humans.<ref name=Crovetto2011/>
