Warrier's Friends' Collage, October 2026 Part IV

Welcome To Warrier's Friends' COLLAGE, October, 2026 Part IV Friends FM's averments in her speech and interactions at the 114th Meeting of the development Committee Plenary of the world Bank in Bangkok this week hover around a universal application of the Gandhian principle of Trusteeship. Mahatma Gandhi's theory of trusteeship is a socio-economic philosophy stating that the wealthy do not own their wealth, power, or resources outright, but hold them in trust for the benefit of society. [See B] M G Warrier A Mahatma Gandhi's theory of trusteeship Core Principles Non-Possession and Ethics : Wealth should be earned through honest labor and moral means. An individual is only entitled to an honorable livelihood; any surplus belongs to the community. Rejection of Violent Redistribution : Instead of violent class struggle or state-enforced confiscation (as advocated by radical socialism/Marxism), Gandhi preferred voluntary conversion of the rich into stewards of the public good. Later, he accepted peaceful state regulation and legal limits if voluntary change failed. Minimum and Maximum Limits : The system seeks to shrink the gap between the rich and the poor by establishing a decent minimum living wage alongside a cap on maximum incomes. Social Necessity in Production : Production should be guided by what society actually needs for human welfare rather than by private greed or unchecked consumerism. Universal Application : The philosophy applies not just to money and land, but to natural resources, knowledge, public office, and individual talents. Modern Relevance and Legacy Corporate Social Responsibility (CSR) : Gandhi’s framework directly influenced modern corporate ethics, evolving into formalized practices like Section 135 of India's Companies Act, 2013, which mandates that qualifying companies allocate a portion of profits toward social and environmental welfare. Public Governance & Stewardship : Civil servants and public officials apply trusteeship by viewing public power and state resources as a sacred trust to serve marginalized populations. Sustainability : It aligns closely with modern environmental ethics, emphasizing that natural resources are finite and belong collectively to all generations. B Media Response October 16, 2026 Chat Room Trusteeship of resources Apropos the report "Mobilise Pvt Capital to Create Jobs, Boost Productivity & Cut Poverty : FM" (October 16), the content of FM's averments hover around a universal application of the Gandhian principle of Trusteeship. Mahatma Gandhi's theory of trusteeship is a socio-economic philosophy stating that the wealthy do not own their wealth, power, or resources outright, but hold them in trust for the benefit of society. Applying this Gandhian theory in the current environment would mean weaving social benefit universally into the fabric of public policy. For example, savings in resources by adoption of modern technology including AI should be used for ameliorating hardships of those who lose jobs in the process and those who are already jobless. The present prescriptions of CSR are meagre. M G Warrier Mumbai C Book on my table : "the five people you meet in Heaven" By Mitch Albom My grandson Vihaan sent this book to me in August. "Tuesday's with Morrie" by the same author is a wonderful book I read last year. https://amzn.in/d/0iSFvOS8 Amazon Description : THE FIVE PEOPLE YOU MEET IN HEAVEN is a wonderfully moving fable that addresses the meaning of life, and life after death, in the poignant way that made TUESDAYS WITH MORRIE such an astonishing book. The novel's protagonist is an elderly amusement park maintenance worker named Eddie who, while operating a ride called the 'Free Fall', dies while trying to save a young girl who gets in the way of a falling cart that hurtles to earth. Eddie goes to heaven, where he meets five people who were unexpectedly instrumental in some way in his life. While each guide takes him through heaven, Eddie learns a little bit more about what his time on earth meant, what he was supposed to have learned, and what his true purpose on earth was. Throughout there are dramatic flashbacks where we see scenes from his troubled childhood, his years in the army in the Philippines jungle, and with his first and only love, his wife Marguerite. THE FIVE PEOPLE YOU MEET IN HEAVEN is the perfect book to follow TUESDAYS WITH MORRIE. Its compellingly affecting themes and lyrical writing will fascinate Mitch Albom's huge readership.