Prabhupāda: This is the position. We are following the footprints of Prahlāda Mahārāja. We are following the instruction. There is no need of economic development. Live nature's life. Just like other animals, they have no question of economic development. They do not think of economic development. But still they are having the material facilities—eating, sleeping, sex and defense, there is. But there is no endeavor for economic development. So man, being advanced, why he should be less than the animals? His real business is how to develop Kṛṣṇa consciousness, not economic development. That is condemned here. Dr. Wolfe will not agree with us. (laughs) All right, read the purport.
Nalinīkaṇṭha: "We see materialistic persons busily engaged in economic development all day and all night, trying to increase their material opulence, but even if we suppose that they get some benefit from such endeavors, that does not solve the real problem of their lives. Nor do they know what the real problem of life is. This is due to a lack of spiritual education. Especially in the present age, every man is in darkness, in the bodily conception of life, not knowing anything of the spirit soul and its needs. Misguided by the blind leaders of society, people consider the body to be everything, and they are engaged in trying to keep the body materially comfortable. Such a civilization is condemned because it does not lead humanity toward knowing the real goal of life. People are simply wasting time and the valuable gift of the human form, because a human being who does not cultivate spiritual life but dies like the cats and dogs is degraded in his next life. From human life, such a person is put into the cycle of continuous birth and death. Thus one loses the true benefit of human life, which is to become Kṛṣṇa conscious and solve life's problems."