Vague and unrealistic concept
This is dependant on goodwill of the wealthy community. There is no legal compulsion for
anyone to accept that he is mere trustee of the property and cash earned by him awfully. To
say that one who spends more is a thief is also unrealistic. Nobody can be tried in court of law for
mere luxurious life style out of his own lawful money
The concept is unjust
The Trusteeship doctrine cannot convince the workers that they are paid less not for personal gain of
capitalist but for keeping the money in ‘trust’. In all fairness, workers, creditors and others should
get their lawful dues. There is no justification to say that some part of their legitimate dues is ‘kept in
trust.’
The concept is against market econmy
The Gandhian principle of Trusteeship goes also against market economy. The economy
determines prices of all services and commodities according to demand and supply
mechanism. So, everyone including the entrepreneur and workers get their dues as
determined by market economy. Thus, the capitalist has got what the market mechanism
gave him. why should he consider that he holds any property in trust for others. Moreover,
he pays various taxes to government. The after tax income belongs to him and he may decide
what part he will spend and what he will further invest in his business.
Fair economic activities and not Trusteeship needed
In fact, if everyone works in his own interest without breaking law and evading tax, he serves
society. Nobody can earn legitimately unless his activities serve social purpose. An
entrepreneur doesn't spend all his income. But he definitely does not save any part for
keeping in trust for people. This he does for future contingencies and investment. This is
prudent business practice. This benefits society. If everyone works for his own benefit,
society is benefited.
Opposed to material progress
Rather too much stress on simple living condemns the nation and people either to primitive
type economy or unemployment. More consumption also creates employment opportunities
Conclusion
The utopian doctrine of Trusteeship is helpful neither to ‘trustees’ nor ‘beneficiaries’. So, it
is best to give a decent burial to the very concept
