Arthur Brooks, president of the American Enterprise Institute, has a great column in today’s New York Times.
Tibetan Buddhists actually count wealth among the four factors in a happy life, along with worldly satisfaction, spirituality and enlightenment. Money per se is not evil. For the Dalai Lama, the key question is whether “we utilize our favorable circumstances, such as our good health or wealth, in positive ways, in helping others.” There is much for Americans to absorb here. Advocates of free enterprise must remember that the system’s moral core is neither profits nor efficiency. It is creating opportunity for individuals who need it the most.