Can you explain Prouts concept of economic democracy?
Regarding political democracy, Sarkar says: “In all countries where democracy is in vogue today, people have been deceived into believing that there is no better system than political democracy. Political democracy has no doubt granted voting rights, but it has snatched away the right of economic equality. Consequently, there is gross economic disparity between the rich and the poor, immense inequality in people’s purchasing capacity, unemployment, chronic food shortages, poverty and insecurity in society. The type of democracy prevalent in India is also political democracy, and it has proved to be a unique system of exploitation.
