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Economic ideologies governing present policies have proved to be unworkable, not merely because of implementational aberrations as frequently argued, but because of basic flaws and wrong assumptions. For instance - supply, demand, and market mechanisms have been regarded as the basic parameters of economics. Adherence to this mindset has resulted in fast depletion of natural resources on the one hand, and, on the other, a physically elusive and morally indefensible life-style. In contrast, the Hindu view of life has always advocated living in harmony with nature; such harmony desiderates voluntary restraint on consumption. A corollary of this basic premise is that self-restraint is not only inevitable for practical reasons, but also a source of universal joy and a stepping-stone for spiritual evolution.
The relevance of this conservationist approach is now being increasingly recognised by progressive economists in many parts of the world.
It is the neglect of these basics which has driven countries like Bharat to the brink of bankruptcy and the West to regressive colonialist strategies.
That the rubric of Dharma should be reflected in all facets of life is a founding principle of Sangh. A constant endeavour of Sangh and all its offshoots has been the propagation of Hindu values as the guiding principles in all sectors ranging from education to labour, sociology to economics.
Obsession with West-originated theories has resulted in blinkered vision in major knowledge-areas like history, science, technology, economies, administration, etc. Thus, mainstream economics as taught and practiced today is blissfully unaware of the fact that such nuances as real commodity prices were comprehensively dealt with by Shukracharya, Kautilya and other sages.
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