Limitation of Wants
Continuation
This idea led him to
iterate time and there was no salvation for India.
“Unless the richly
bedecked stripped themselves of their jewellery and held it in trust for the
starving millions”.
Gandhiji’s views may
seem somewhat similar to the Protestant ethics of thrift.
But with this crucial
difference that with the latter thrift was a means of capital accumulation for
higher consumption levels in the future.
For Gandhiji frugality
was a permanent desired state.
It was not simply a
postponement of present for higher consumption.
Gandhian precepts come
directly into conflict with the modern capitalist as well as Marxian doctrines,
both of which accord a critical role to capital accumulation in the growth
process.
Gandhiji deplored the
profit motive for accumulation.
Also, he was opposed
to the forcible expropriation of the means of production from capitalists.
He felt that they
should voluntarily renounce their assets to the state or continue to hold them
only as “trustees” of society.
Used from paper
of D. M. Nachane
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