Stumbling upon the Dalai Lama’s speech last month on philosophy of Buddhism, he used simple words of a non-finance professional to outline his view of capitalism: fear and greed, with today’s central problem as a crisis of ethics. As lawmakers regulate, markets find workarounds that are legal and still (or even more) damaging to society. He points to 2008 for banks, and to pollution in the environment as someone else’s problem. (approx 21min after start of speech).
Money is more important than moral ethics. That creates a lot of problems.