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Dalai Lama: moral crisis caused economic woes

January 16, 2009

The Dalai Lama has said that a moral crisis in the world is to blame for global economic woes.
 
By Dean Nelson in New Delhi
Telegraph.co.uk - United Kingdom
13 Jan 2009
 
The exiled Tibetan spiritual leader said that the global economic meltdown is the result of a crisis of morality, which had been driven by greed and corruption.
 
Selfishness and a lack of spirituality and culture in the world were key causes for the current crisis in the world's financial markets, he said.
 
Speaking to Buddhist students in the Indian holy city of Varanasi, the 73-year-old Nobel peace prize winner said people had forgotten how their own fortunes and those of others were connected.
 
"Lack of spirituality and culture is the main cause behind the rampant corruption in the world. People have become selfish and materialistic, which has led to the economic slowdown," said the Dalai Lama at a gathering of 20,000 students at the Central Institute of Higher Tibetan Studies.
 
He said the solution was in recognising our interdependence, valuing education and protecting the natural environment.
 
He said that people needed to be less interested in consumerism, less selfish and to understand that if we want to survive and be happy, everyone must survive together.
 
"We are interdependent," said Tempa Tsering, the Dalai Lama's spokesman.
 
The Dalai Lama hinted last year that he planned to step aside in the near future. Negotiations with the Beijing government over its iron rule in Tibet have not proved fruitful and China has been accused repeatedly of acts of repression.
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