What is Prouts system of “local planning”?
Prout’s program for planning and development programs turns the centralized approach of both capitalism and communism upside down. Any economic planning is based in the bottom-up and decentralized approach of Prout’s economic democracy. Both local and regional planning is initiated with this end in view. At the heart of Prout’s planning is “block-level planning”, which is undertaken for the welfare of the local people. “Economic planning will utilize all the mundane and supramundane potentialities of the local area to meet the local requirements.” The cost of production, productivity, purchasing capacity and collective necessity are the basic elements central to proutistic economic planning.
