The Dalai Lama on Capitalism, Socialism, and Income Inequality

I came across this video today and I really liked the way that the Dalai Lama explained his view on the subject of economic/political systems.

Basically, he explained that the definition of capitalism has changed since it was established. Capitalism today has created an increasingly large gap between the poor and the wealthy. This leads to feelings of resentment, jealousy, and frustration from the poor which transforms into anger and, in turn, violence. So he gives a practical reason why large gaps in wealth, a result of modern-day capitalism, cannot be sustainable for peace. However he also goes on to criticize socialism, at least in the way it's been practiced. He describes a better "socialist" ideology where the richer people support the poorer people through education, giving them self-confidence. This results in a more mutually beneficial system for all, where the rich help provide for the poor who, in turn, work hard in reciprocity.

Now, all of that being said, it's quite an idealistic philosophy. Until we can rid the world of people who are always looking to get ahead at someone else's expense, this can never really happen. An uplifting speech nonetheless.



[edit on 9-10-2009 by paradigm619]

Thanks for the link, I like the guy. He is honest and sincere. I appreciate his struggle and his peacefull approach to the world. S&F.

i often thought that a "perfect" socialist environment would be better for everyone when i was a kid. didnt know the definition of what i called helping people and spreading knowledge to all and becoming a world where we challenged the norm and worked towards a better society.

BUT

after learning of all the horrors associated with a single ruling class, it becomes obvious that it will never work.

wish we could really focus on exploration of all things, rather than killing each other.

guess its not as profitable tho