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Cooperatives have many advantages. They fit within the three industrial
/ commercial structure of Prout as follows:
Key industries
Cooperatives
Small businesses
It is often stated that the discovery of the miners safety lamp (also
known as the Davey lamp) saved many miners lives. However the statistics
show that more miners died after the introduction of the safety lamp
than before. Reason? Because mine managers, now that the lamp existed,
forced the miners into more and more unsafe parts of mines causing more
serious explosions. This is use of technology without a benefit to the
workers. In a cooperative system, workers would actually enjoy the
fruits of modern technology.
The proper use of science under a collective economic system will only
bring about human welfare. It may well be possible that due to
mechanization no one will have to labour for more than 5 minutes a week!
Being not always engrossed in anxiety about food and clothes, humankind
will not misuse its mental and spiritual wealth. People will be able to
devote more time to sports, literary discourses and spiritual pursuits.
So, with the development of technology (even as simple as the Davey
lamp), the approach should be all-round welfare and practically a
reduction in working hours so that each person can pursue a holistic
life.
The health system could also be modelled on the three tier principle and
the banking system can be modelled on the three tier principle. In the
financial sector model, private services can include financial brokerage
and insurance broking. Private enterprise do not run banks in the
Proutist model - these would be run as cooperatives.