The book presents ideas for creating an ideal society. An ideal society is one where all its members enjoy prosperity, peace, and happiness. Prosperity creates peace; peace creates happiness. So, it's all about creating prosperity, which is possible only by creating an ideal economic system, socioeconomic system, or political economy. Thus, the book presents ideas for creating an ideal economic system. Since democracy must run the economic system, creating an ideal democracy is an inseparable part of creating an ideal society. The book proposes a new economic model—collective ownership based economy (COBE), to replace the existing faulty capitalist economy. COBE resembles the prevailing models of the socialist economy a lot. However, it differs from the latter in many crucial aspects. The book also proposes ideas for creating an ideal democracy.

Find answers in the book, how, by replacing the current system with the proposed COBE  model, would the society achieve material abundance, sexual emancipation, the establishment of world society, elimination of human divisiveness, exploitation, greed, hatred, ego, envy, superstitions, political corruption, crime, war, and so on. The book also provides suggestions for further reforms in democracy and an action plan to establish COBE.