Decentralisation of Economic Power for the Hindu Viewpoint
Decentralisation of Economic Power for the Hindu Viewpoint We, in the light of our own genius, ponder over the problem of how best to bring into practice the basic principle of ensuring the just and proper decentralisation of economic power. Mahatma Gandhi has propounded the theory of trusteeship in the light of his perception of the tradition and life-philosophy of this land. In that concept, the human incentive for production is not crippled. He is urged to produce as much as possible. But he is not to look upon himself as the owner of all that wealth; it essentially belongs to the community. He is only to look upon himself as the trustee of that property in order to ensure its proper utilisation in the service of society. No doubt this approach is in consonance with our ancient Hindu thought. But there is a serious handicap in this. In the present age, the human mind has been so much confused and twisted out of shape that man is unable to muster his will and capacity fo...
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