The following passage is taken from the book “Third Way” by Dattopant Thengadi.

Book
abstract : “In the background of the withering of communism and the imminent collapse of
capitalism, time is ripe for exploring a more universally acceptable ‘Third Way’. Several leading
thinkers like Peter Drucker and Paul Samuelson have – though guardedly – predicted that
capitalism in its present form may not survive beyond the first quarter of the next century.
However, the collapse of these systems cannot automatically usher in a superior world-order.
Evolving a ‘Third Way’ desiderates a vast amount of preparatory work at both the intellectual
and organisational levels. To pave the way for such exploration is the purpose of the essays and
lectures compiles in this volume.”

The WESTERN and the HINDU; - these are the two entirely different paradigms with their
entirely different value-systems, institutional arrangements and parameters.

WESTERN HINDU

Compartmentalised thinking : Integrated thinking

Man - a mere material being : Man-a physical-mental-intellectual-spiritual

being

Subservience to Artha-Kama ,; Drive towards Purushartha Chatushtaya

Society, a club of self- centred individuals Society, a body with all individuals therein as
its limbs

Happiness for oneself Happiness for all

:
Acquisitiveness 'Aparigraha' (non-possession)

Profit motive Service motive

Consumerism : Restrain consumption

Exploitation Antyodaya'
 Rights-oriented conscious ness of others' Duty-oriented consciousness of others' rights
duties

Contrived scarcities Abundance of production

Economy of rising prices : Economy of declining prices

Monopoly capitalism through : manipulated Free competition without various devices**

markets **For example, patents, brands,
copyrights, trade names, licences, quotas,
protective tariff, cartels, pools, trusts,
holding companies or intercorporate boards
of directors, intercorporate investments,
etc.

Economic theories centred round wage- Economic theories centred round self-
employment employment

An ever-increasing army of the proletariat : The ever-growing sector of Vishwakarma

(Self-employment)

Ever-widening disparities : Movement towards equitability and

equality

The rape of Nature The milking of Mother Nature

Constant conflict between the individual, the Complete harmony between the individual,
society and Nature the society and Nature

The two are entirely different paradigms. Every society is free to choose its own model on 'take
all, or leave all' basis.
"Quo vadis?"

The twenty-first century is rightly questioning the disillusioned and perplexed mankind.

This pioneering work seems to offer the right answer to this right question.

Not with the arrogant doctrinaire dogmatism.

But with the humility that invariably accompanies every honest quest for truth, every earnest
exploration.