David Loy on the Financial Crisis

April 16, 2009

“But what is most distinctive about the Buddha’s social analysis is that the fundamental dichotomy is not between good and evil but between delusion/ignorance on one side and wisdom/enlightenment on the other. The challenge is to understand our economic system not primarily in terms of some people selfishly exploiting others but instead as a system of collective greed and delusion. Some suffer much more than others, of course, but even those at the top are trapped by their own ego-based cravings.” – David Loy [interview and essay, “The Midas Economy”]

Also see “Why Buddhism Needs the West” on tricycle.


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