Here Krsna proclaims that He is the enjoyer of all activities and the proprietor of all planets (sarva-loka-mahesvaram). An individual may possess a large tract of land, and he may be proud of his ownership, but Krsna claims to possess all planetary systems. Krsna also claims to be the friend of all living entities (suhrdam sarva-bhutanam). When a person understands that God is the proprietor of everything, the friend of everyone and the enjoyer of all, he becomes very peaceful. This is the actual peace formula. No one can have peace as long as he thinks, ‘I am the proprietor.’ Who is capable of claiming proprietorship? Only a few hundred years ago the red Indians were considered to be the proprietors of America. Today we in our turn are claiming that proprietorship, but in four hundred or a thousand years perhaps someone else will come to claim the same. The land is here, and we come here and falsely claim ourselves to be proprietors of it. This philosophy of false proprietorship is not in line with Vedic injunctions. Sri Isopanisad states that ‘everything animate or inanimate that is within the universe is controlled and owned by the Lord.’ The truth of this statement is factual, but under illusion we are thinking that we are the proprietors. In actuality God owns everything, and therefore He is called the richest.

Srila Prabhupada, in: Raja-Vidya: The King of Knowledge