Gandhian Economics is back

Just read this article in Rediff. It argues how Capitalism is crumbling and what is required to revive it. Do check out my article about Gandhian Economics here.

The theory of Trusteeship – one which was promulgated by Gandhiji and the likes of Tata, Birla, Sarabhais and Lalbhai of Arvind Mills fame creates a culture that helps provide opportunities to the poorest of the poor. It is a realization by the corporates that there is a l0t beyond just earning money. And that lot constitutes social responsibilities too.

Decentralization by lending more power to the city or village bodies can also lead to a better infrastructure, more facilities for its people and less bending of the laws to favor the high and mighty. Delhi rocks because it is a city state and just imagine where could Mumbai be if it were provided with such an administrative structure.

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