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

Long-Life Empowerment and Long-Life Offering in Leh
July 30th 2015
Leh, Ladakh, J&K, India, 30 July 2015 - The early morning air was fresh and low light illuminated the distant peaks as His Holiness the Dalai Lama set off from Spituk Monastery today. He and thousands of others was headed for the Shiwatsel teaching ground on the other side of the Leh valley. On arrival he greeted the Lamas, dignitaries and guests and took his seat on the throne to prepare for the White Tara empowerment.

Inauguration of Summer Higher Buddhist Council at Spituk Monastery
July 30th 2015

A Visit to the Leh Jokhang and Jamyang School
July 28th 2015

His Holiness the Dalai Lama Expresses Condolences Over the Passing Away of Former President Dr. A.P.J. Abdul Kalam
July 28th 2015

His Holiness the Dalai Lama Arrives in Ladakh
July 27th 2015

Explore