Tag Archives: Financial Crisis

The Economic Crisis And Human Nature

It seems to me that the current economic crisis challenges a century of materialist assumptions about the motivation of individuals and their relationship to each other. I find the following passage from the Bahá’í International Community’s Contribution to the 18th Session of the United Nations Commission on Sustainable Development in 2010 very illuminating in this regard.

The question of human nature has an important place in the discourse on sustainable consumption and production as it prompts us to reexamine, at the deepest levels, who we are and what our purpose is in life. The human experience is essentially spiritual in nature: it is rooted in the inner reality—or what some call the ‘soul’—that we all share in common. The culture of consumerism, however, has tended to reduce human beings to competitive, insatiable consumers of goods and to objects of manipulation by the market. Commonly held views have assumed the existence of an intractable conflict between what people really want (i.e. to consume more) and what humanity needs (i.e. equitable access to resources). How, then, can we resolve the paralyzing contradiction that, on the one hand, we desire a world of peace and prosperity, while, on the other, much of economic and psychological theory depicts human beings as slaves to self-interest? The faculties needed to construct a more just and sustainable social order—moderation, justice, love, reason, sacrifice and service to the common good—have too often been dismissed as naïve ideals. Yet, it is these, and related, qualities that must be harnessed to overcome the traits of ego, greed, apathy and violence, which are often rewarded by the market and political forces driving current patterns of unsustainable consumption and production.

Source: ‘Rethinking Prosperity: Forging Alternatives to a Culture of Consumerism’ Bahá’í International Community, United Nations Office

‘The Earth Is But One Country’

The last twenty years has seen the world ever more closely linked by trading and financial networks which now seem on the brink of disruption because of years of unfettered greed and mismanagement. In all likelihood as these networks are disrupted there will be a return of nationalism and parochialism as anxious populations seek to find some stability in the economic and social chaos which results.

However the fact remains that we are all one human family and the answer to our problems are to be found in unity and not in division- the unity that comes from knowing that we are all brothers and sisters on one planet- not just buyers and sellers in a global market place. In the words of Bahá’u’lláh

“The earth is but one country and mankind its citizens”

‘The Second Coming’

In the gathering economic crisis I am reminded of the words of W.B. Yeats in “The Second Coming” that

“Things fall apart; the centre cannot hold;

Mere anarchy is loosed upon the world…”

Yeats also looked forward with trepidation to an ironic “Second Coming” asking in the final lines of the poem-

             “what rough beast, its hour come round at last,

Slouches towards Bethlehem to be born?”

Happily the real (and far friendlier) Second Coming has already arrived. In the words of Bahá’u'lláh

“The Divine Springtime is come, O Most Exalted Pen, for the Festival of the All-Merciful is fast approaching. Bestir thyself, and magnify, before the entire creation, the name of God, and celebrate His praise, in such wise that all created things may be regenerated and made new. Speak, and hold not thy peace. The day star of blissfulness shineth above the horizon of Our name, the Blissful, inasmuch as the kingdom of the name of God hath been adorned with the ornament of the name of thy Lord, the Creator of the heavens. Arise before the nations of the earth, and arm thyself with the power of this Most Great Name, and be not of those who tarry”.

‘True Values’

It seems to me that in these times of financial crisis true values can become obscured. Economics is after all only means to an end, rather than an end in itself. In the words of Abdu’l-Bahá

“..it is clear that the honor and exaltation of man must be something more than material riches. Material comforts are only a branch, but the root of the exaltation of man is the good attributes and virtues which are the adornments of his reality. These are the divine appearances, the heavenly bounties, the sublime emotions, the love and knowledge of God; universal wisdom, intellectual perception, scientific discoveries, justice, equity, truthfulness, benevolence, natural courage and innate fortitude; the respect for rights and the keeping of agreements and covenants; rectitude in all circumstances; serving the truth under all conditions; the sacrifice of one’s life for the good of all people; kindness and esteem for all nations; obedience to the teachings of God; service in the Divine Kingdom; the guidance of the people, and the education  of the nations and races. This is the prosperity of the human world! This is the exaltation of man in the world! This is eternal life and heavenly honor”!