I am Marxist, declared Dalai Lama
When the Dalai Lama unashamely called himself a Marxist, believing in the goodness of Marxism which he said, 'has moral ethics, whereas capitalism is only how to make money' it heralds a new tomorrow on the ascend. The moral degradation and irresponsibility of western Capitalism is acknowledged by the premier institutions that manufactured countless numbers of production line MBAs that are helping to destroy the world's financial institutions. Harvard's admission of guilt and wrongdoing is their planned introduction of a hippocratic code mirrored along the medical schools. It is meant to remind their graduates that making money immorally, indiscriminately and devoid of ethical considerations is simply bad. But many laughed at it as another meaningless gimmick that would not change the direction of things. Hippocratic code or hypocritic code, the message is clear. The western model of Capitalism and the western institutions of learning need a thorough revamp and what is sorely missing is the element of moral responsibility or ethics. When the Asian financial crisis hit, the western overlords landed in their shining chariots from heaven with a cane in their hands. Asian govts were treated with disgust as simpletons who could not manage their own finances, and harsh words and actions were the order of the day. But they say all things come in full circle. Now we have seen how the Americans messed up their country and the world despite the strings of top financial institutions churning out the 'best' financial gurus and working for the system. Now we have the European financial crisis when they mismanaged at a scale no less than the Americans and much worst that the simpleton Asian govts. What was noticeable is that there were no harsh words and forcing the sick govts to sign on the dotted line for recommendations to treat their woes. And the best part is that they are only pushing their problems to their future generations to pay. The bad part is that they have nothing to pay except for a few who strike black gold in the North Sea or the Gulf of Mexico. The Asians were lucky as countries like Indonesia, Malaysia and the Phillipines have abundant natural resources to pay for their temporary excesses. For naive Asian countries that swear by the western economic model, it is time to wake up and reassess where they are heading. It is like the communist doctrine of thesis, anti thesis and synthesis. Western Capitalism was the anti thesis of Communism. A new anti thesis to western Capitalism is needed to reach a synthesis. Blind following and apeing of the western model is inviting the same danger and awaiting the same fate.