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

20th Shotön Opera Festival Begins
March 27th 2015
Dharamsala, HP, India, 27 March 2015 - This morning, His Holiness the Dalai Lama presided over the opening of the 20th Shotön Festival in exile. The last such celebration of Tibetan opera in Tibet took place in 1958 and the tradition was revived on His Holiness’s advice in 1993. As he drove from his residence to the Tibetan Institute of Performing Arts (TIPA), the road was lined with Tibetans and other well-wishers, waves of white silk scarves in their hands as the early morning sun illuminated their joyful, smiling faces.

Science, Ethics and Education - Second Day
March 25th 2015

Science, Ethics and Education - First Day
March 24th 2015

Addressing Conference on Strengthening Democracy in Asia and Members of the Gymkhana Club
March 23rd 2015

His Holiness the Dalai Lama Expresses Condolences over the Death of Lee Kuan Yew
March 23rd 2015

Explore