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welt onlineWELT ONLINE: What, in your opinion, is the root cause of the financial crisis?
Dalai Lama: Greed and gambling. Many people and companies only have one goal: money, money, and more money. Greed is ok when you let others profit from it, but greed for oneself is bad, it makes you ill. The egotistical ambition to always want to earn more money harms both the company and the individual himself. That is the biggest weakness of many managers – the financial crisis has proven this.
WELT ONLINE: So it’s ok for someone to earn a lot as long as they share?
Dalai Lama: Wealth is not necessarily a bad thing when it has been earned in an honest manner and neither other individuals nor the environment suffered for it. As Buddhists we recognize that wealth is a basic prerequisite for a happy life. But a billionaire also only has ten fingers. He can fit three or four rings on each finger, but that would look weird. The satisfaction many millionaires who don’t share their wealth have in their heads is fictitious and not real. Rich people should help reduce poverty.
WELT ONLINE: Some managers earn 10, 20 or even 30 million euros per year. You really don’t have a problem with this?
Dalai Lama: Just like in the music industry or sports there are exceptions. They can earn as much as they want, as long as it remains transparent and traceable why they earn so much money. Unfortunately there are only few such people. It is, however, unacceptable if a chief executive continues to increase his wealth while the company is sliding into bankruptcy, the shareholders lose their savings and the employees lose their jobs or don’t earn enough to afford a decent standard of living.
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http://www.welt.de/international/article4133061/Dalai-Lama-I-am-a-supporter-of-globalization.html