Economic Crisis Result of Unlimited Greed: Dalai Lama

January 16th 2009

Sarnath, Varanasi, UP, India, 16 January 2009 (PTI) - Tibetan Spiritual leader the Dalai Lama today said the main cause of global financial meltdown is"unlimited human greed".

"I am not an economist but it is difficult for a common man to understand how market forces can be beyond the human control because markets are the creation of human beings themselves,"the Dalai Lama said at a press conference here. He said that in his view the economic crisis was the result of unlimited greed, a lack of transparency and lies."Owing to these factors, things nearly collapse,"he added. The Tibetan guru opined that spirituality has the power to teach containment, truthfulness, honesty and morality."These things will not occur if one becomes tolerant and spiritual,"he added. Stressing that media has a very important role to play in the given situation, the spiritual leader said,"We write as if there is no future but it is also important to show that'yes', there is a future". Media must play a more positive role in making and shaping the world.

 

 

Latest News

Teachings on the ‘Heart Sutra’ and ‘Eight Verses for Training the Mind’ at Quang Minh Temple
June 19th 2013
Melbourne, Australia, 19 June 2013 - This morning His Holiness the Dalai Lama drove about 12 kilometres out of Melbourne to the Quang Minh Temple, a centre for the Vietnamese Buddhist community, overlooking the Maribyrnong River. He was invited by Geshe Sonam Thargye, Director of the Drol Kar Buddhist Centre, to give an explanation of the ‘Heart Sutra’ and ‘Eight Verses for Training the Mind.’

Ethics for a Whole World with the Sydney Peace Foundation and Compassion: the Foundation of Well-Being in Melbourne
June 18th 2013

Young Minds Conference, Lunch at Loaves & Fishes Free Restaurant and a Visit to Westmead Hospital
June 17th 2013

Concluding Teachings, Public Talk on Ethical Mindfulness in Everyday Life and Addressing a Gathering for Tibet in Sydney
June 16th 2013

Second Day of the Jewel Lamp Teachings in Sydney
June 15th 2013

Explore