In the context of all those financial firms filing bankruptcy, the American government is planning for a $700 billion (ie $700,000,000,000 - ten times more than what the US government spends on education annually) bailout using the taxpayers money. With this, the 'greed is good' syndrome is being questioned, at least for some days. Our corporate world, and as an extension, the MBA education, is also focused on making people buy products and services which people do not actually need.

Here is an opinion article that i came across in The Hindu Business Line a week or two back. There is a statistic there about what can result if India and China consumes like the way the US does. Check it out:

The link that you can copy paste is:

thehindubusinessline.com/2008/09/15/stories/2008091551160800.htm

Thankyou. Have a Nice Day.

hi

very good link. I think Gandhi said a long time back that world has enough for everybody's need but not enough for everybody's greed.

consumption based model is now wrong. We are seeinf death of capitalism which is too much focussed on individualist approach.

Nice to know that you liked the article.

If you would like to know more about Buddhist Economics related themes, i invite you to have a look at the below link.

globalsystemchange.com/GSC/Articles.html

There you can download the article titled "Gross National Happiness: Improving Unsustainable Western Economic Systems". This is a presentation given by Mr Frank Dixon, Former Director of Research at Innovest Venture Partners, the leading sustainability research firm in the world.