Dalai Lama's Views On Economic Meltdown

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The Buddhist spiritual leader said to Buddhist students in Varanasi that selfishness, lack of spiritual and cultural values are the key factors for the current crisis in the world's financial markets. He said at a gathering of 20,000 students at the Central Institute of Higher Tibetan Studies : "People have become selfish and materialistic, which has led to the economic slowdown".

The Dalai Lama said that people have forgotten that their own fortunes were connected with others. He is of the view that the solution lay in recoganising our interdependence, valuing education and caring for natural environment.

He also pointed out that people needed to divert their interest from huge consumerism and give up being selfish. He emphasized the fact that to survive and be happy, one should live with an attitude to survive together. It is basically to live and let live in the best possible way. AGENCIES