Dear friends, In this letter and in my next letters, I am going to present you principles of decentralized economy. Principles of Decentralized Economy The first principle of decentralized economy is that all the resources in a socio-economic unit should be controlled by the local people. In particular, the resources which are required to produce the minimum requirements must be in local hands, and all the industries based on these resources will have to be controlled entirely by local people. Local raw materials must be fully utilized to produce all kinds of commodities necessary for the economic development of a socio-economic unit. Local people are those who have merged their individual socio-economic interests with the socio-economic interests with the socio-economic unit they live in. Clearly, this concept of local people has nothing to do with physical complexion, race, caste, creed, language and birth place. The fundamental issue is whether or not each person or family has identified their individual socio-economic interests with the collective interests of the concerned socio-economic unit. No outsider should be allowed to interfere in local economic affairs or in the system of production and distribution, otherwise a floating population will develop, causing the outflow of economic wealth from the local area. If this occurs the area will become vulnerable to the outside economic exploitation and decentralized economy will be undermined. The surplus wealth, after meeting the minimum requirements of the people in the local area, should be distributed among the meritorious people according to the degree of their merit. For example, doctors, engineers, scientists and other capable people engaged in various activities require extra amenities so that they can perform greater service to society. While a common person may require a bicycle, a doctor may require a car. But there must be provision in the economy for reducing the gap between the minimum requirements of all and the amenities of meritorious people. To increase the standard of living of common people, they may be provided with scooters instead of bicycles. Although there is some difference between a scooter and a car, the gap that existed between a car and a bicycle has been partially reduced. The economic gap between common people and meritorious people should be reduced as much as possible, and ceaseless efforts must be made in this regard, but this gap will never vanish altogether. If the gap increases, the common people will be deprived and exploitation will re-emerge in the guise of amenities. Decentralized economy leaves no such loophole because on the one hand the standards of minimum requirements must be increased, and on the other hand the provision of amenities will be assessed from the viewpoint of the collective welfare. I will stop my letter here and I am going to present more information about Principles of Decentralized Economy in my next letters.
Posted on: Fri, 14 Mar 2014 19:30:48 +0000
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