Wednesday, December 24, 2008

Soros on Current Financial Crisis

SPIEGEL: Your proposal would be dismissed on Wall Street as "big government." Republicans might call it European-style "socialism."

Soros: That is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful -- but also very harmful to our society.

SPIEGEL: Would you advise the new president to say that publicly?

Soros: He has already spoken about changing the political discourse. I think it is better to have a government that wants to provide good government than a government that doesn't believe in government.
SPIEGEL Interview with George Soros: "The Economy Fell off the Cliff"

Addendum: "The Crisis & What to Do About It" by George Soros + The Financial Crisis: An Interview with George Soros + "What to Do" by Paul Krugman

Current Album: Good Night, And Good Luck [SOUNDTRACK] (Dianne Reeves-iin busad album-uudiig olj avah yum shuu)
Current Motion Picture(s): "Blowup" by Michelangelo Antonioni + "The Conversation" by Francis Ford Coppola