PROUT: HUMANISTIC SOCIALISM AND ECONOMIC DEMOCRACY

The progressive utilisation theory (PROUT) defines maximum, balanced, and progressive utilisation and rational distribution of crude, subtle, and causal resources. Its humanistic socialism indicates that construction of industries, roads, and buildings are not the criteria of progress but evolution of human values, and quality of life in a spiritual sense are the real criteria. Economic democracy promotes decentralisation and people’s control of the means of production as opposed to centralisation of economic power, either by the state or by the transnational corporations.