Finally an Honest Billionaire

Posted by Melvin Bray on May 13th, 2008 filed in Useful Perhaps

I’ve been told more times than I can count that reason I feel the way I do about money made through capitalism is because I have none. I finally found someone with plenty of money, George Soros, who admits that there is no such thing as self-correcting capital markets. Rather capital markets are always externally managed to some degree. Corporations and other “free”-market fundamentalists don’t like to admit this because they want to perpetuate the myth that markets are inherently and inerrant-ly self-regulating, so that those on top can work to keep themselves on top (e.g. public policy, lobbying, externalizing costs, off-shoring, tax evasion, exploitation, usurping the labor pool) without fear of exposure.

Soros was interviewed today on PBS’s the NewsHour with Jim Lerher. I’ve got to read his book.

One Response to “Finally an Honest Billionaire”

  1. Pat Says:

    Looks good. Thanks for the tip.
    Very few of my friends seem to get that capitalist markets are not “values neutral”.

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