Beyond the -isms of Economics

Hindu economy is neither capitalism or socialism, nor is it communism – it is a realistic economic system for the modern day. It is not capitalism in the sense that it does not allow for all aspects of life to be commercialized by profit enterprise (e.g. education is  free, and health care is non-exploitative). It is not communism where everyone is rewarded the same irrespective of what they do. It is a contribution based economy, based on “responsibilism”. 

Other economic theories are based on infinite consumption. They treat people as objects to be exploited. Hindu economic principle considers people as conscious beings, catering to their enlightenment while ensuring their success both in the inner world as well as the outer world.

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