By Vaddhaka Linn
After his Enlightenment the Buddha got down to support unencumber the person, and create a society loose from discomfort. the commercial assets now exist to supply a pragmatic hazard of supplying everybody with respectable foodstuff, guard, paintings, and relaxation, to permit each one folks to meet our strength as humans, whereas preserving the surroundings. what's it within the nature of recent capitalism which prevents that occuring? Can Buddhism aid us construct anything greater than our present financial system, to lessen pain and aid the person to freedom? during this thought-provoking paintings, Vaddhaka Linn explores solutions to those questions through interpreting our fiscal international from the ethical viewpoint tested by way of the Buddha.
Having accomplished a level in economics, Vaddhaka Linn at first labored within the uk in exchange unionism, politics, and grownup schooling, earlier than becoming a member of the Triratna Buddhist neighborhood, during which he has lived and labored due to the fact that 1994. He now divides his time among the uk and Estonia, the place he teaches and is helping to run a Buddhist heart
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Additional resources for The Buddha on Wall Street: What's Wrong with Capitalism and What We Can Do about It
Human beings and human qualities become commodities, things to be traded just like other commodities. Sandel also tells us about another developing market. 23 When Michael Rice, a 48-year-old assistant manager at a Walmart store, collapsed at work and later died from a heart attack, the insurance policy on his life paid out about $300,000. None of that money went to his family. Indeed neither Michael Rice nor his family knew anything at all about the existence of the policy taken out on him by Walmart.
I want you to know that. I think greed is healthy. 25 Later that year, Boesky admitted that he had amassed some of his wealth through illegal trading and went to jail. But his words lived on in the 1987 film character Gordon Gekko: ‘The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. ’26 And in late 2013, Boris Johnson, London’s mayor and a leading British Conservative politician, declared that inequality is essential to fostering ‘the spirit of envy’.
The Buddha channelled his taṇhā into a desire to find a deeper and lasting source of fulfilment. When he gained Enlightenment, he succeeded in this noble search. He overcame craving and showed that it is possible to end suffering and find a lasting source of peace and fulfilment (the third noble truth). The Buddha teaches us that the way to end suffering is through cultivating another, equally powerful side of human nature, that of caring and compassion. With generosity and loving-kindness and the practice of ethics, with meditation, and with reflection and the gaining of wisdom, a path opens up to the gaining of Enlightenment and the end of suffering (a path spelled out in the noble eightfold path, which is the fourth noble truth).
The Buddha on Wall Street: What's Wrong with Capitalism and What We Can Do about It by Vaddhaka Linn