Question 1(a) · 10 marks · 182 words written
Opening
Human beings have long been driven by the idea of accumulation of more wealth. Various cultures/Religions like Protestant Christianity see creation of more wealth as ethical and is driven by belief of going to heaven (as per Weber)
(More wealth → Better serving my duty → more chance of going to heaven)
Body · points and prose
Logic of Limitless wealth
To fulfil self needs
To fulfil the material gratification
To indulge into hedonistic pleasures (Eg. Travelling, shopping) ↓ Idea of Life as per Hedonism
To serve the needs of family (economic needs)
In this context, ethical Capitalism can be explored
[Ethical Capitalism → Possibility]
- Will give way to not only pursuing material pleasures but also pursuing empathy, compassion (Eg. Azim Premji)
- Lead to ethical altruism (Eg. Ratan Tata)
- Better realisation of Self with society
- Upholding the [trusteeship] ethos of Gandhiji
[Some constraints] in the process
↓
- Lack of realisation
- Mental inadequacy → Lack of compassion towards society
Close · a way forward
Narayan Murthy calls himself Compassionate capitalist. This idea can be undertaken by all for ethical Capitalism.