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RELATED RESOURCES: VALUES

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Gyatsotenzin

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.

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Tenzin Gyatso Tenzin Gyatso
Tenzin Gyatso, the 14th Dalai Lama, is a spiritual leader of the Gelugpa school of Tibetan Buddhism and the leader of the Tibetan Government in Exile in Dharamsala, India. Born in 1935, Gyatso was recognized as the reincarnation of the 13th Dalai...