What do you mean by concept of trusteeship?
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Trusteeship is a socio-economic philosophy that was propounded by mahatma Gandhi[1]. It provides a means by which the wealthy people would be the trustees of trusts that looked after the welfare of the people in general. This concept was condemned by socialists as being in favor of the landlords, feudal princes and the capitalists, opposed to socialist theories.[2]Gandhi believed that the rich people could be persuaded to part with their wealth to help the poor. Putting it in Gandhiji's words "Supposing I have come by a fair amount of wealth – either by way of legacy, or by means of trade and industry I must know that all that wealth does not belong to me; what belongs to me is the right to an honourable livelihood, no better than that enjoyed by millions of others. The rest of my wealth belongs to the community and must be used for the welfare of the community."[1]Gandhi along with his followers, after their release from prison formulated a "simple" and a"practical" formula where Trusteeship was explained.
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Trusteeship is a socio-economic theory which was originated by Mahatma Gandhi. It furnishes a medium by which the prosperous people would be the trustees of organizations which look after the well-being of the people in common.
Gandhi along with his supporters, after their liberation from prison, devised a "simple" and a "practical" method where Trusteeship was described. A draft effective trusteeship method was developed by Gandhi’s co-workers Kishorelal Mashruwalaand and Narhari Parikh.
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