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Silly Billionaire Doesn’t Realize Economy Was Fixed Last Weekend

Topics: Editorial & Opinion | Add A CommentBy admin | October 14, 2008

George Soros on the Economic Crisis

In these troubled financial times, it’s refreshing to hear a successful financial expert (George Soros is worth about $7 billion) talkĀ  commonsensically about the current economic crisis. Except that he’s basically saying that we’re completely screwed. If you have about six minutes, watch this Bill Moyers interview, in which Soros basically says that the extreme form of capitalism that we’ve been playing with (he calls it free-market fundamentalism) could lead to the end of the human race. He balances that seemingly extreme notion with more common-sense talk about how capitalism and socialism have something in common that could make either one succeed or fail catastrophically, i.e.: the human element. He distills that “human element” down to the sense of social responsibility possessed by the leaders of a given society, not only during a time of crisis, but in the ongoing management of the society.