In the coming years people will live in an ever-globalizing world with possibilities and challenges that did not exist before. The contours of this new world are already with us—capital flow across the world with lightning speed; mass media events broadcast anywhere in the globe as if they happened next door; tests, food habits, consumer goods, cultural production and political ideas floating across the globe unhindered; the boundaries of nation states becoming more and more porous; and the Internet being a (...) major source of rapid unbound communication. All sectors of the society are affected by this global society, the technological revolution. In this connection ethics becomes an increasingly im portant issue in global decision making. The author suggests some solutions on the basis of Indian culture. (shrink)

Max Weber has shown that the informing spirit of Western capitalism originated from the Christian Reformation. The capitalist spirit can be regarded as a stand-in of Western modernity as a whole. Western modernity was initially the outcome of the theology of Calvinism. Calvinist modernity inspired political revolutions that since the seventeenth century irreversibly transformed Western feudal societies into bourgeois democratic nation-states. Something comparable happened in India in the nineteenth century with the rediscovery of Vedanta. Rediscovery, reinterpretation and public dissemination of (...) Vedanta constituted the Indian version of a Reformation. In the beginning of the twentieth century this Vedantic Reformation inspired the revolutionary political movement, which sought to free India from foreign domination. Vedanta was regarded as informing the spirit of Indian modernity because Vedanta emphasizes individual emancipation. This same emancipation was to imply collective emancipation from the bonds of colonialism and tyranny. These values of Vedantic modernity remain an important source of inspiration for the socio-political emancipation of the whole of the Indian population. (shrink)