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87f8ddc1-072d-11ed-ba2d-c9de5a43d6bf /periodicals/.content/issue-items/TSFgsihbPeriodicalContent_00909.xml Greed, Desire, and the Universal Need for Master Hsing Yun's Humanistic Buddhism: A View from the United States

Greed. We all know greed is a problem. U.S. citizen Bernie Madoff’s successful investment fund attracted wealthy investors. Every year his returns on investment were much larger than those of other funds. In the end it turned out that he was not investing his customers’ money at all. Instead, he was running a Ponzi or “pyramid” scheme, paying off the investors who withdrew their money with the money he was taking in from new investors. While the Ponzi scheme was going strong, he was the toast of New York City and highly admired by others in the finance world. When thousands of his customers lost large sums of money, he became the poster boy of greed. Yet of course his customers were greedy too.