Progressive utilization theory: Difference between revisions

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Prout advocates a three-tiered approach to [[industrial organization]]. Key industries and [[public utilities]] would operate on a [[Break-even (economics)|no profit - no loss basis]] as these are resources held on trust for the public. Decentralized industry run by [[cooperatives]] would provide people's minimum necessities and other amenities of life. 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/> A small business sector would also operate providing goods and services on a more individualized basis.

At the political level, Prout discourages [[nationalism]], though nation-states would form a [[world government]]<ref name=Crovetto2011/><ref name=Inayatullah/> in the form of a confederation. There would be a world [[World Constitution|world constitution]] and a [[bill of rights]] for human being,<ref name=Crovetto2011/> and for ensuring the biological diversity and security of animals and plants. Locally governed self-sufficient socio-economic units or zones would support a decentralized economy.

=== Law of social cycle and governance ===