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दस ट्रिलियन डॉलर जीडीपी क्यों चाहिए? || आचार्य प्रशांत, कोरोना वायरस पर (2020)
37K views
5 years ago
Consumption
Economy
GDP
Consciousness
Necessity
Environment
Poverty
Trickle-down theory
Description

Acharya Prashant addresses a question from a businessman who is distressed due to losses from the Corona pandemic. He begins by questioning the true source of the distress: is it the business loss itself, or the fact that there is now less money to spend? He asks the questioner to reflect on whether all the money they were earning before was absolutely necessary. While acknowledging the pain of reduced income and expressing sensitivity to the situation, he states that mere sympathy is not enough. He wants to delve deeper by asking if all of the questioner's past expenses were truly necessary and justified. The speaker explains that people often don't carefully examine their expenses because they have been conditioned to believe that the meaning of life is to earn more and spend more. This cycle of increasing income and expenses is thought to bring joy. He elaborates that increasing income satisfies the ego, while increasing expenses allows for more consumption. This idea, he says, has been taught to us by the market and ingrained in us like a cultural value. He suggests that the current situation is an opportunity to question how many of our expenses are truly necessary. He points out that many people, while staying at home for the past two months, have realized that they can live with very few expenses, and that many of their previous expenditures were habits, not necessities. This principle of consumption is then extended to a global scale. The pressure to earn more to sustain consumption leads to entanglement and a form of slavery to the world. The more one's expenses, the more one must be a slave. This applies to individuals, nations, and the entire world. The history of human economics has reached a point where further economic progress, which means more consumption, is unsustainable. The Earth does not have enough resources to fulfill everyone's desire for consumption. He gives the example of America's per-capita consumption being 16 times what the Earth can sustainably provide, a model that developing nations aspire to, which is a path to global destruction. The primary measure of progress for all nations has become GDP, and he questions the need for a ten-trillion-dollar economy. Acharya Prashant refutes the argument that economic growth is for the poor, stating that poverty exists because a small minority has captured the vast majority of the economy's wealth, not because the economy is small. He criticizes the trickle-down theory, which suggests that benefiting those at the top will eventually benefit those at the bottom, calling it madness. He asserts that if the goal is to help the poor, they should be helped directly. He concludes that this pandemic, though painful, is an opportunity to change. The goal should not be to return to the pre-2019 lifestyle, which was leading to global catastrophe, but to live a better life with less consumption and more consciousness. While earning money is necessary for basic needs, the true joy and richness of life are found in other things, and we should focus our attention there.