Resources on Faith, Ethics and Public Life

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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