Social Entrepreneurship and Gandhian Thoughts in the Post-COVID World (India Studies in Business and Economics)

Description

In this edited book, we provide foundational tenets of Gandhian perspective, and present examples of social organizations that are aiming to insulate themselves by adopting community and village-centered approaches to restructuring socially-embedded economic activities that align with Gandhian principles. These cases highlight the relevance of Gandhi's thoughts in the field of social entrepreneurship. We examine key principles such as Sarvodaya (the welfare of all), Antodaya (the upliftment of the weakest), self-sufficiency, self-reliance, Nai Talim (holistic education), and Trusteeship. We explore how social organizations implement these principles to promote resilience and well-being at the community level. The COVID-19 pandemic revealed unsustainable practices in the world, including disrupted supply chains, contagious effects of integrated global economy that ignore the local self-reliance, and unsustainable internal displacement that make cities dependent on rural labor and rural population dependent on urban areas for jobs. These issues show that there are systemic problems with how our society and market are structured. The traditional way of development that focuses on profit maximization and unlimited wants has caused problems like inequality, resource depletion, and disproportionate wealth accumulation. Unlimited growth in a limited world has led us to social, economic, and ecological crises. However, degrowth, as an approach has been criticized for wanting to go back to pre-industrial times. In this context, Gandhi's ideas offer alternatives. Gandhi promotes moderation in how market activities are structured and how individual consumption practices are followed. This can help reduce the negative impact of economic activities on people and the planet, and move towards a more structured and inclusive economy.