Gandhian Concept Regulation Of Trusteeship - Limitations

Gandhian Principle of Trusteeship

The Gandhian Principle of Trusteeship is closely related to the "Social Responsibility of Business".

According to the Gandhian Concept of Trusteeship,

"All concern firms must operate similar a Trust."

Image Credits © Mahatma Gandhi's photograph past times Seaskyclay.

All assets of the theater must hold upwards held past times a 'trust' together with must hold upwards used for the welfare of the society. The theater must proceed exclusively a pocket-sized business office of its profits for the honourable livelihood of its owners. The remaining business office of the net must hold upwards distributed equitably to all sections of society.

Mahatma Gandhi's Concepts together with Quotations

Mahatma Gandhi was influenced past times Ancient Indian Philosophy together with teachings of holy Bhagavad Gita.

Gandhiji gave importance to next ii concepts :-

1. Aparigraha i.e. Non-Possession.
2. Sambhawa i.e. Equitable Distribution.

Gandhiji too gave importance to next ii quotations :-

1. "Enjoy the wealth past times renouncing it."
2. "Excel inwards your work, gain wealth, bring the minimum which you lot need, move out the balance to the welfare of the community."

Few richest men inwards the world, especially, Bill Gates together with Warren Buffet are practicing the Gandhian Principle of Trusteeship. These noble philanthropists are distributing a huge percent of their wealth for social causes similar world wellness improvement, funding AIDS interrogation together with higher education, running programmes for poverty alleviation, etc. Their willingness to solve community's problems equally a moral responsibleness is quite remarkable together with deserves admiration.

Principles of Trusteeship

Gandhian Principles of Trusteeship are discussed inwards next brain points :-

1. Reduce Inequalities : This concept tries to cut down inequalities. It tries to cut down the gap betwixt the rich together with poor. It tries to cut down exploitation.
2. Change of Attitude of Businessmen : According to Mahatma Gandhi, businessmen should alter their attitude. They direct maintain no morale correct to accumulate unlimited wealth spell close of their countrymen alive inwards poverty together with misery. Each human being of affairs should bring plenty wealth to alive honourably. He should distribute the remaining wealth dorsum to the society. Gandhiji advised the rich businessmen to voluntarily give upwards their surplus wealth. If non done so, the piteous masses may revolt (fight) i twenty-four hours together with plunder their entire wealth past times force.
3. Social Pressure : People must set social delineate per unit of measurement area on businessmen to follow the regulation of trusteeship. They should boycott (not purchase) the products of those who gain non practise trusteeship.
4. Legal Pressure : If voluntary measures together with social delineate per unit of measurement area gain non work, legal delineate per unit of measurement area must hold upwards set on the businessmen to follow the regulation of trusteeship.
5. Socialism : This concept gives to a greater extent than importance to socialism. That is, the social club is given much to a greater extent than importance than an individual. So, the wealth of the social club should hold upwards distributed equitably to all its members.
6. Consider Social Needs : Businessmen should gain exclusively those goods together with services which are useful for all members of the society. They should non gain goods together with services, which are used exclusively past times few individuals.
7. Equal distribution of wealth : According to Gandhiji, all the wealth of the social club should hold upwards distributed equitably. There should non hold upwards concentration of wealth inwards few hands.
8. Earn coin past times Hard work : Influenza A virus subtype H5N1 mortal should earn his living past times doing difficult work. Earning coin without doing difficult operate is only similar stealing.
9. No Right to Private Ownership : This concept does non give the correct to private ownership except when it is necessary.
10. Government Regulation : The Government should regulate trusteeship. No Individual should hold upwards allowed to role his wealth for selfish satisfaction or against the involvement of society.

Limitations of Principles of Trusteeship

Critical Evaluation / Limitations / Applicability of the Principles of Trusteeship is highlighted inwards next of import points :-

1. This concept is non relevant inwards today's competitive concern basis because every human being of affairs tries to earn maximum profits together with accumulate huge wealth.
2. It demotivates the hardworking businessmen. The businessmen volition loss their creativity, together with they volition learn lazy. This volition boring downward the economical evolution of the country.
3. This concept is based on the concept of Socialism. However, today socialism is outdated.
4. Businessmen experience that the welfare of the social club is non their responsibility. It is the responsibleness of the Government.
5. This concept is non accepted past times shareholders who invest their coin to earn the highest dividend.
6. This concept is against capitalism. Today, capitalism is proving real successful all over the world. Poverty levels are real depression inwards capitalist countries when compared to the poverty statistics of socialist nations.