Trusteeship Theory of Mahatma Gandhi

Introduction
Mahatma Gandhi’s Trusteeship Theory is a socio-economic concept that emphasizes moral responsibility among the wealthy. It argues that those who possess wealth should act as trustees, managing their resources for the benefit of the entire society rather than for personal gain.

Key Principles

• Moral Duty: Wealthy individuals should see themselves as caretakers of their riches, with a duty to uplift the poor and marginalized.
• Social Equity: The theory advocates for a fair distribution of wealth, reducing the gap between the rich and the poor. Gandhi believed that true prosperity comes from sharing resources.
• Non-Violence and Cooperation: The theory is rooted in Gandhian philosophy, emphasizing non-violence and mutual respect among different classes in society.

Illustrations

• Community Investments: A successful entrepreneur could invest in local schools or healthcare facilities, directly benefiting the underprivileged and fostering community development.
• Philanthropy: Wealthy individuals could set up trusts to support various social causes, ensuring their wealth serves a greater purpose.

Importance
The Trusteeship Theory not only addresses economic disparities but also promotes a sense of community and responsibility. By encouraging the rich to act for the common good, Gandhi aimed to create a more just and harmonious society.