Every year, SGI President Daisaku Ikeda publishes a proposal which explores the interrelation between core Buddhist concepts and the diverse challenges global society faces in the effort to realise peace and human security.  Unsurprisingly, his just-published proposal for 2009 begins with a discussion of the world financial crisis.




"The impact of the financial crisis that started with defaults in the subprime mortgage market in the United States, leading to the bankruptcy of the U.S. investment bank Lehman Brothers, has now spread to encompass the whole world.

The present crisis inevitably provokes associations with the nightmare of the 1930s, when a severe economic depression created the conditions for the global conflagration of World War II. The situation remains fluid and unpredictable, and there are growing signs that the financial crisis is undermining the real economy, bringing about a global recession and driving up unemployment.


About SGI