What Are Some of the Challenges the Modern World Brings

question 55

Essay

What are some of the challenges the modern world brings to Buddhism? Use examples, and include information about how Buddhism adapts to the modern situation.

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Definitions:

Joseph Schumpeter

An economist known for his theories on business cycles, innovation, and economic development, including the concept of "creative destruction."

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critique of capitalism and his influential ideas that led to the development of Marxism.

Successful Innovation

The process of introducing new ideas, products, or methods that effectively create value or meet market needs.

Capitalist Society

An economic system where private individuals own the means of production and operate for profit, with minimal intervention from the government.