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The economics of spirituality || Acharya Prashant, on Vedanta (2021)
5.5K views
4 years ago
Spirituality and Economics
Consciousness
Value Creation
Money
Right Work
Inner Order
Status Quo
Dystopia
Description

Acharya Prashant responds to a question about whether a spirituality-based economy would work by first challenging the premise that the current economic system is functional. He asks, "Work for whom? And work for what purpose?" He explains that today's economics supports the prevailing world conditions and is inseparable from man's inner order. He questions whether we are content with the current state of man's inner world and the external world order it creates, suggesting that to talk of maintaining the status quo is to assume it is heavenly, when in fact it might be a deeply dysfunctional dystopia. The speaker argues that since economics is simply human activity, a change in man through spirituality would not cause the economy to disappear but to transform. The current system is money-centric, where people work for the sake of results, which means money. This leads to a world where people try to snatch money from each other. A spiritual person, however, would work for the sake of the work itself, making money irrelevant. This would cause an "economic upheaval" and change the very definition of richness. Instead of being the one with the most money, the richest person would be the one with the "greatest work to do." This new form of richness, he states, is internal and secure, unlike material wealth which is external, precarious, and a source of constant insecurity. A lot of mankind's energy is wasted on protecting money rather than creating real value. He defines value creation as producing goods, services, and an environment that uplifts consciousness. In a non-spiritual society, much work is done merely to accumulate money, not to create real value, as money does not always follow true value. A spiritual person would assess everything based on its effect on their consciousness. This, he concludes, is the meaning of "good spirituality is good economics."