Economics Of Mahavira ► 04 ► [04.08] Limitation of Individual Ownership and Personal Consumption - The Principle of Devout Society

Posted: 10.02.2006

In the present times, in the context of socialism and capitalism, ownership has taken a number of forms, like individual ownership, public ownership and collective ownership. The first principle of the dedicated society was that there should be limitation on ownership. Individual ownership should be limited. There were ten leading people of the committed society and all of them were well to do. But they exercised limitation of individual ownership. The craving for getting more and more wealth or money is unlimited. How far can man go? There ought to be the wisdom of limitation of wealth.

We can analyse the craze for money or wealth in three different situations:

  • Minimum ownership/wealth
  • Maximum ownership/wealth
  • Unlimited ownership/wealth
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