Concept of Socialism
Gandhian economics brings a socialist perspective of overall development and tries to redefine the outlook of socialism. Gandhi espoused the notion of “trusteeship” which centered on denying material pursuits and coveting of wealth, with practitioners acting as “trustees” of other individuals and the community in their management of economic resources and property. Under the Gandhian economic order, the character of production will be determined by social necessity and not by personal greed. The path of socialism should only be through non-violence and democratic method and any recourse to class-war and mutual hatred would prove to be suicidal.
Read more about this topic: Gandhian Economics
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