Fully agree with you that the whole debate revolves around two fundamental points of view: "Mind First" and "Matter First." However, matter can not produce consciousness. And, as some psychologists also (and rightly) assert, everything is in the mind as the manner by which we experience and interact with the world is entirely mind-made—we project a reality and then relate to it entirely within the realm of the mind. Thus there is no elephant outside, elephant just resides in our mind.