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 job concern firms must piece of work similar a Trust."

Image Credits © Mahatma Gandhi's photograph yesteryear Seaskyclay.

All assets of the theatre must endure held yesteryear a 'trust' as well as must endure used for the welfare of the society. The theatre must proceed alone a minor piece of work of its profits for the honourable livelihood of its owners. The remaining piece of work of the net income must endure distributed equitably to all sections of society.

Mahatma Gandhi's Concepts as well as Quotations

Mahatma Gandhi was influenced yesteryear Ancient Indian Philosophy as well as teachings of holy Bhagavad Gita.

Gandhiji gave importance to next 2 concepts :-

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

Gandhiji besides gave importance to next 2 quotations :-

1. "Enjoy the wealth yesteryear renouncing it."
2. "Excel inwards your work, attain wealth, bring the minimum which you lot need, exit the residuum to the welfare of the community."

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

Principles of Trusteeship

Gandhian Principles of Trusteeship are discussed inwards next master copy points :-

1. Reduce Inequalities : This concept tries to trim back inequalities. It tries to trim back the gap betwixt the rich as well as poor. It tries to trim back exploitation.
2. Change of Attitude of Businessmen : According to Mahatma Gandhi, businessmen should alter their attitude. They receive got no morale correct to accumulate unlimited wealth piece nigh of their countrymen alive inwards poverty as well as 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 solar daytime as well as plunder their entire wealth yesteryear force.
3. Social Pressure : People must position social pressure level on businessmen to follow the regulation of trusteeship. They should boycott (not purchase) the products of those who attain non practise trusteeship.
4. Legal Pressure : If voluntary measures as well as social pressure level attain non work, legal pressure level must endure position 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 lodge is given much to a greater extent than importance than an individual. So, the wealth of the lodge should endure distributed equitably to all its members.
6. Consider Social Needs : Businessmen should attain alone those goods as well as services which are useful for all members of the society. They should non attain goods as well as services, which are used alone yesteryear few individuals.
7. Equal distribution of wealth : According to Gandhiji, all the wealth of the lodge should endure distributed equitably. There should non endure concentration of wealth inwards few hands.
8. Earn coin yesteryear Hard work : Influenza A virus subtype H5N1 somebody should earn his living yesteryear doing difficult work. Earning coin without doing difficult piece of work is simply 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 endure allowed to work 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 job concern globe because every human being of affairs tries to earn maximum profits as well as accumulate huge wealth.
2. It demotivates the hardworking businessmen. The businessmen volition loss their creativity, as well as they volition drib dead lazy. This volition irksome downwards 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 lodge is non their responsibility. It is the responsibleness of the Government.
5. This concept is non accepted yesteryear shareholders who invest their coin to earn the highest dividend.
6. This concept is against capitalism. Today, capitalism is proving really successful all over the world. Poverty levels are really depression inwards capitalist countries when compared to the poverty statistics of socialist nations.