The relevance of Gandhian
Economics to Modern India
The
economic philosophy of Gandhi is written about, discussed and talked about.
However, when it comes to implementation, it is criticized for being
impractical and imaginary. For instance, the concept of trusteeship as
enunciated by Gandhi demands non-possession. It seeks individual to dispossess
his wealth and income beyond his requirements so that the economic welfare of
the less capable is realized. The principle of non-possession and trusteeship
is not realized practically because individuals are immensely attached to their
wealth in the ordinary course of life. Gandhi and even later day Gandhians have
not been able to find the root cause of attachment to wealth and its
accumulation overtime.
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