bhavaya sreyase bhutyai
ksemaya vijayaya ca
Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
O Lord Brahma, your position within this universe is certainly most auspicious for everyone, especially the cows and brahmanas. Brahminical culture and the protection of cows can be increasingly glorified, and thus all kinds of material happiness, opulence and good fortune will automatically increase. But unfortunately, if Hiranyakasipu occupies your seat, everything will be lost.
Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
In this verse the words dvija-gavam paramesthyam indicate the most exalted position of the brahmanas, brahminical culture and the cows. In Vedic culture, the welfare of the cows and the welfare of the brahmanas are essential. Without a proper arrangement for developing brahminical culture and protecting cows, all the affairs of administration will go to hell. Being afraid that Hiranyakasipu would occupy the post of Brahma, all the demigods were extremely disturbed. Hiranyakasipu was a well-known demon, and the demigods knew that if demons and Raksasas were to occupy the supreme post, brahminical culture and protection of cows would come to an end. As stated in Bhagavad-gita (5.29), the original proprietor of everything is Lord Krsna (bhoktaram yajña-tapasam sarva-loka-mahesvaram). The Lord, therefore, knows particularly well how to develop the material condition of the living entities within this material world. In every universe there is one Brahma engaged on behalf of Lord Krsna, as confirmed in Srimad-Bhagavatam (tene brahma hrda ya adi-kavaye). The principal creator in each brahmanda is Lord Brahma, who imparts Vedic knowledge to his disciples and sons. On every planet, the king or supreme controller must be a representative of Brahma. Therefore, if a Raksasa, or demon, were situated in Brahma’s post, then the entire arrangement of the universe, especially the protection of the brahminical culture and cows, would be ruined. All the demigods anticipated this danger, and therefore they went to request Lord Brahma to take immediate steps to thwart Hiranyakasipu’s plan.
In the beginning of creation, Lord Brahma was attacked by two demons — Madhu and Kaitabha — but Krsna saved him. Therefore Krsna is addressed as madhu-kaitabha-hantr. Now again, Hiranyakasipu was trying to replace Brahma. The material world is so situated that even the position of Lord Brahma, not to speak of ordinary living entities, is sometimes in danger. Nonetheless, until the time of Hiranyakasipu, no one had tried to replace Lord Brahma. Hiranyakasipu, however, was such a great demon that he maintained this ambition.
The word bhutyai means “for increasing opulence,” and the word sreyase refers to ultimately returning home, back to Godhead. In spiritual advancement, one’s material position improves at the same time that the path of liberation becomes clear and one is freed from material bondage. If one is situated in an opulent position in spiritual advancement, his opulence never decreases. Therefore such a spiritual benediction is called bhuti or vibhuti. Krsna confirms this in Bhagavad-gita (10.41). Yad yad vibhutimat sattvam … mama tejo-’msa-sambhavam: if a devotee advances in spiritual consciousness and thus becomes materially opulent also, his position is a special gift from the Lord. Such opulence is never to be considered material. At the present, especially on this planet earth, the influence of Lord Brahma has decreased considerably, and the representatives of Hiranyakasipu — the Raksasas and demons — have taken charge. Therefore there is no protection of brahminical culture and cows, which are the basic prerequisites for all kinds of good fortune. This age is very dangerous because society is being managed by demons and Raksasas.