Economic Crisis ~ What Would Buddha Do? (Guest article by Dawa at MKMC)

According to a brief Google search

2012 has begun badly from a fiscal point of view

The UK Office for National Statistics says the economy has slid into its second recession since the financial crisis. Apparently it’s only a ‘a technical recession’, but that’s cold comfort for many of us.

Blues singer in the Evening Post and other sad news

Sengé just told me that Bristol (where we live) is the 3rd richest city in Britain.

He added that the Evening Post was reporting on a local Blues singer who “strangled his wife on the day they were due to be evicted from their home in St George, as the florist business they ran faced ruin.”

What?! I was just proof-reading this post, and wondering if it was going a bit far (My bad ~ the article started with a conversation that I’d prompted), when the doorbell rang.
…OK, so prices are generally rising, but ‘economic crisis’?!

Sengai has a unerving habit of visiting and
conversationally coming up with revelations

that perfectly fit with the question in mind. For some folk it has got to crisis-point.

Our Buddhist mother centre MKMC have had to put festival prices up this year; pulling even more at already taut purse strings, and putting priorities into question. After discussing a global economic crash while at MKMC; Dawa sent me this article on keeping a good heart while getting through the tough times. Having lived through Latin America’s “the lost decade” (their financial period of crisis), her thoughts are worth sharing:

from giving comes wealth

Buddha’s view on economic crisis

“The thought of economic crisis may initially generate worry and fears. But in the Dharma context we can use this worry as a reminder of how important is to practise giving and generosity, which is the real cause for having resources.
Trying to hold on to resources with a mind of attachment only gives rise to negative minds, so is bound to bring about the opposite effect we are looking for.

.We need to watch our intentions for saving.
In practical terms we could think of many ways to prepare for the crisis – like storing cans of food in our cupboards, or turning our savings into silver coins which are easier to trade and don’t lose so much value.

Buddha taught that the only safe way to practise though, is by giving generously and making prayers so that in the time of crisis our good seeds of generosity sown in previous lives and earlier in this life can ripen. *

In that way, we won’t have to endure lack of the essential things, such as food, heat, electricity, and especially the ability to get to Dharma courses. It’s also important not to forget our all kind mother beings.
Pray that no one has ever to endure the physical and mental suffering that arises from lack of resources; and make every effort to help others in practical ways, especially in helping others receive pure Dharma.


Remember this is only a short life

amongst so many other lives that will appear in our mental continuum (hopefully not too many ;-@), so it’s not as big a problem as it may at first seem. Thinking like this is taking sincere refuge in the three jewels. We can reflect on the sad state of samsara and increase our renunciation. Also remember the emptiness of all things ~ it’s all an appearance to our impure mind in the end!

We are so lucky to have teachings can help us prepare for economic crisis.
So my advice would be don’t save, but instead give, help – abundantly and generously – and wealth will abound today and at times of crisis.”


Dawa’s onto a good thing here. This is what a Triratna Buddhist Centre leader has to say on the subject:
People are very aware that the things they relied on for security aren’t as stable as they thought they were and so are looking for other ways of security that doesn’t depend on material things.”
‘Recession driving people to meditation’ says Croydon or for original article
* For further explanation on karma, see our guest article,  the Cosmic Boomerang
“from giving comes wealth” (the Protector Nagarjuna)


This is challenging stuff, but is it true? We’d love to hear from you.
Share your thoughts in box down there ⤵ (on page with article)

7 Comments (+add yours?)

  1. David Towner-Jones
    May 11, 2012 @ 20:02:45

    Yeah. Makes perfect sense. Buddhas economics is the only one that works long term.



    • Baku Kadampa
      May 17, 2012 @ 06:29:32

      Isn’t it? It’s harder to appreciate the long-term benefits of giving when you’re struggling to make ends meet; but we’ve got to try and look at things in a more realistic way.
      Miserliness doesn’t promote wealth, only misery; and the power-hungry are never satiated.



  2. Luna Kadampa
    May 16, 2012 @ 19:47:58

    Yes it is true, and once we start putting it into practice it becomes clearer how it is true. And even before we start getting the karmic pay back, we also don’t *feel* poor if we have a loving mind of giving, regardless of what we have in our bank account.



    • Baku Kadampa
      May 17, 2012 @ 06:28:19

      Absolutely Luna, the loving mind opposes the tightness of the selfish mind that hoards for me and mine.
      And that positive * feeling * of being rich creates an atmosphere in which abundance can ripen. So either way, by feeling rich we are rich, and increasingly able to be so.



  3. Mateo
    Nov 18, 2012 @ 08:30:28

    I have read Ekhart’s books and actually was recemmonding his book, Power Of Now, to people over 5 years ago before he was a a prominent figure on the scene here in the states. I personally try to live always in the consciously aware state.



    • Jas Baku
      Nov 22, 2012 @ 16:11:34

      Good on you Mateo, being in the consciously aware state makes life so much more do-able, doesn’t it. Somebody gave me ‘the Power Of Now’, and is it definitely worth a read.



  4. Trackback: Abundant Bull Moon on Protector Day « Cosmic Loti

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