What is the heart of decentralized economy?
The welfare of local people is the essence of Prout’s concept of decentralized economy. In a decentralized economic setup local people should not only control cooperative bodies, but also supervise all activities related to the local economy. It is a bottom-up system as opposed to the centralized approach to capitalist in their system of free-for all anywhere. Prouts decentralized economy requires a politically centralized system where the world government enforces from above the necessary policies required to liberate all in the economic sphere.
