One of the most original contributions of Gandhiji in the area of economics is the concept of trusteeship. Gandhiji wanted complete equality in so far as the basic needs of the people were concerned. In fact he wanted the basic needs of all including animals to be met satisfactorily. But at the same time, he wanted people to have incentives to remain economically active and produce more. This naturally would lead to some people having more than what they need. They would be rich but there would be no poor because the basic needs of all would be satisfied. To ensure that those who were rich did not use their property for selfish purposes or to control others, he derived the term "Trusteeship".
Explaining the meaning underlying this term he …show more content…
All humans are born equal and hence have a right to equal opportunity. This means that all must have their basic needs fully satisfied. 2. All humans, however, are not endowed with equal intellectual and physical capacity. Some would have greater capacity to produce than others. Such persons must treat themselves as trustees of the produce beyond their basic needs. 3. Violence and force as modes of distribution of produce have to be …show more content…
The reason was that they could not accumulate their wealth without the labour and cooperation of workers and the poorer sections of society.
Hence, they were logically and morally bound to share their wealth in a fair measure with their workers and the poor. But instead of ensuring this through legislation, Gandhi wanted wealthy people to voluntarily surrender part of their wealth and hold it in trust for those working for them.
Adoption of this doctrine on an individual and national scale was, he believed, the only way to form an egalitarian and non-violent society. He defines trusteeship in simple terms: “The rich man will be left in possession of his wealth of which he will use what he reasonably requires for his personal needs and will act as a trustee for the remainder to be used for society.”
Gandhi did not believe in inherited wealth for he was of the view that a trustee has no heir but the public. He did not favour compulsion in the surrender of riches because he believed that forcible dispossession of the wealthy would deny to society the talents of people who could create national
Explaining the meaning underlying this term he …show more content…
All humans are born equal and hence have a right to equal opportunity. This means that all must have their basic needs fully satisfied. 2. All humans, however, are not endowed with equal intellectual and physical capacity. Some would have greater capacity to produce than others. Such persons must treat themselves as trustees of the produce beyond their basic needs. 3. Violence and force as modes of distribution of produce have to be …show more content…
The reason was that they could not accumulate their wealth without the labour and cooperation of workers and the poorer sections of society.
Hence, they were logically and morally bound to share their wealth in a fair measure with their workers and the poor. But instead of ensuring this through legislation, Gandhi wanted wealthy people to voluntarily surrender part of their wealth and hold it in trust for those working for them.
Adoption of this doctrine on an individual and national scale was, he believed, the only way to form an egalitarian and non-violent society. He defines trusteeship in simple terms: “The rich man will be left in possession of his wealth of which he will use what he reasonably requires for his personal needs and will act as a trustee for the remainder to be used for society.”
Gandhi did not believe in inherited wealth for he was of the view that a trustee has no heir but the public. He did not favour compulsion in the surrender of riches because he believed that forcible dispossession of the wealthy would deny to society the talents of people who could create national