Theory Of Trusteeship | CssFounder.com
Mahatma Gandhi evolved the theory of trusteeship to make businessmen responsible to society. According to him, "Those who own wealth should hold and use it on behalf of and for the benefit of society." Businessmen are trustees of the society and they should not use the resources at their command for self-enrichment at the cost of the society. They should earn a reasonable income for themselves and should avoid all types of exploitation in the process of earning profits.
Under the theory of trusteeship, employees, customers, government and the public will have a share in the ownership and management of big business. Trusteeship is a peaceful means of transforming a capitalist society into an egalitarian society. However, there are several practical difficulties in the implementation of this theory. It has to be a gradual process.
Under the theory of trusteeship, employees, customers, government and the public will have a share in the ownership and management of big business. Trusteeship is a peaceful means of transforming a capitalist society into an egalitarian society. However, there are several practical difficulties in the implementation of this theory. It has to be a gradual process.
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posted by PromoteDial @ 02:50
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