The Buddhist Economy and the United States

Paper Summary:

This paper explains that the underlying theme of Buddhist economics is the liberation from the confines of need and greed; goods and services exist only to meet need, not to meet ego-needs to fill lives with things and services that are not necessary for survival. The author believes that the Buddhist economy would not be accepted in the United States because the American public is used to a capitalist system. The paper stresses that a major drawback is that the Buddhist system employs the tenets of a religious faith, while the capitalist system works hard to keep business and religion separate.

Table of Contents
Introduction
The Systems
Capitalist economics
Buddhist Economics
Would It Work Here?

From the Paper:

"The free market forces are the system by which the merchants and society determine the price of services and goods that they wish to offer the consumer. The system of capitalism is built on the belief that state and business activities should be separate. It further believes that a system should be strong enough on individual effort, profit and merit to survive and grow without the interference by government agencies and offices. It is referred to as private business or private enterprise. While there are situations in which private businesses provide contractual work or services for government need the government does not choose the business to provide those services except through a bidding process. The capitalist system is based on the belief that the government's only role should be to regulate and make sure that the protection of the laws of the land are enforced."

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