The problem isn't materialism as such. Rather it is the underlying assumption that full satisfaction can arise from gratifying the senses alone. Unlike animals whose quest for happiness is restricted to survival and to the immediate gratification of sensory desires, we human beings have the capacity to experience happiness at a deeper level which, when achieved, can overwhelm unhappy experiences.

Every day, think as you wake up, today I am fortunate to be alive, I have a precious human life, I am not going to waste it. I am going to use all my energies to develop myself, to expand my heart out to others; to achieve enlightenment for the benefit of all beings. I am going to have kind thoughts towards others, I am not going to get angry or think badly about others. I am going to benefit others as much as I can.

As our own peace of mind grows, so the atmosphere around us becomes more peaceful.

We can reject everything else: religion, ideology, all received wisdom. But we cannot escape the necessity of love and compassion. This, then, is my true religion, my simple faith. In this sense, there is no need for temple or church, for mosque or synagogue, no need for complicated philosophy, doctrine, or dogma. Our own heart, our own mind, is the temple. The doctrine is compassion. Love for others and respect for their rights and dignity, no matter who or what they are: ultimately these are all we need.

To be aware of a single shortcoming within oneself is more useful than to be aware of a thousand in somebody else. Rather than speaking badly about people and in ways that will produce friction and unrest in their lives, we should practice a purer perception of them, and when we speak of others, speak of their good qualities.

If each of us can learn to relate to each other more out of compassion, with a sense of connection to each other and a deep recognition of our common humanity, and more important, to teach this to our children, I believe that this can go a long way in reducing many of the conflicts and problems that we see today.

Provided that societies stay mindful of the challenges that capitalism creates and never forget the paramount importance of inclusion and equal opportunity, we can and should celebrate the miracle of free enterprise-and the billions of souls it has helped free from desperate poverty.