Actually as I have already discussed in my Srimad-Bhagavatam, for economic problem one requires a little land and a few cows. Then the whole economic problem is solved. We should utilize our time for elevating ourselves in Krishna Consciousness than for so-called economic development. If we are satisfied with plain living, with minimum time and the balance time is engaged for elevating our Krishna Conscious program, then every man can be transferred to Goloka Vrindaban, just in this very life. The modern civilization has encumbered the mode of living and people are engaged all the time in the matter of eating, sleeping, defending, and mating.

From Srila Prabhupada's letter to Hansadutta — Los Angeles 11 January, 1968