Did Gandhi support capitalism?

Mahatma Gandhi was a pioneer in pointing out the excesses and abuses that could (and does) plague capitalism and wanted to weed them out early – and frequently – using a moral, ethical framework. In that sense, he was one of the first advocates for conscious and concerned capitalism.

What was Gandhi’s economic philosophy?

Throughout his life, Gandhi sought to develop ways to fight India’s extreme poverty, backwardness, and socio-economic challenges as a part of his wider involvement in the Indian independence movement. Gandhi’s championing of Swadeshi and non-cooperation were centred on the principles of economic self-sufficiency.

What are the three main sources of Gandhian thought?

Raychandbhai by his living contact; Tolstoy by his book, “The Kingdom of God is within you”; and Ruskin by his “Unto This Last”. Besides these three personalities, Gopal Krishna Gokhale and the Gita and the Bible were life long sources of inspiration for Gandhi.

Who is the father of Gandhian economics?

Joseph Chelladurai Cornelius Kumarappa

What does Gandhi mean by economic war?

An economic war is prolonged torture. And its ravages are no less terrible than those depicted in the literature on war property so called. We think nothing of the other because we are used to its deadly effects …. The movement against war is sound.

How did Mahatma Gandhi’s ideas about the two civilizations help him?

This helped him formulate the social and economic policies that he propagated all his life in India. Gandhi compares the two civilizations, eastern and western, and writes that the latter was based on two fallacious maxims – “might is right” and “survival of the fittest”.

What was Gandhi’s solution to the problem of unemployment?

Gandhi’s solution to the problem of unemployment was a restraint on the rate of technological change, which of course was impossible under capitalism in its spontaneity. But Gandhi did not advocate state-imposed restrictions towards this end.

How different was Gandhi’s nationalism from European nationalism?

The nationalism that Gandhi stood for, which informed India’s anti-colonial struggle, differed fundamentally from the nationalism that came into vogue in Europe in the 17th century, following the Westphalian peace treaties. At least three differences stood out.

What was Gandhi’s view on restraint?

Gandhi wanted such restraint to be voluntary, embedded in a sense of solidarity with one’s “brethren”.

https://www.youtube.com/watch?v=ept8hwPQQNg