What are the real constraints of change in the economy?
The only real constraint is that everyone and everything has its dignity value. When I created the concept in 2008, I defined dignity value as the inherent value of all things and beings. I have not changed my definition since.
Organic change recognizes and respects dignity values. Such change is sustainable and enriching. This is the approach of Gandhian economics. We use words like wholeness, interrelationships, society, to describe such change.
Any other kind of change, such as that effected by industrialism, development economics, and foreign aid, disrespects dignity values. Certain things such as 'infrastructure', 'privatization', 'progress', are given exaggerated values while others such as traditions, crafts, the extended family, are devalued. When an economy moves away from its dignity values, bubbles are created.
Bubbles give the illusion of the excitement of change, of great power over nature, of a new, ordered, rich society. That is what much of the world is experiencing right now. However bubbles always burst, returning us to dignity values. What appeared to be great change is seen to be mere maya, illusion.
People everywhere, in rich countries as well as poor, have wasted time enmeshed in such maya. The entire field of economics is maya.
The Ancients said that there was only one cure for what ails the human being - to wake up from illusion and start the hard work of building real relationships.
Posted by Abhay Burjor Ghiara at 9/27/2017