The Dalai Lama on the Financial Crisis
July 4, 2009
WELT ONLINE: In your opinion the free market isn't performing well, and you also don't believe in regulation. So what it is that we need?
DALAI LAMA: I call it a "responsible free market economy". In the end it comes down to every single individual; it is dependent on each individual's sense of moral responsibility, self-discipline, and values. This financial crisis isn't purely a crisis of the market economy, but rather a crisis of values.