The Trouble With Capitalism
About this book
Billionaire speculator-philanthropist George Soros has made a fortune in the world's financial markets, and he would like to continue to do so; but he sees growing evidence that forces unleashed by the global market economy are destroying the very values on which open markets depend. Worse, our unquestioning faith in market forces blinds us to serious instabilities in the interconnected global economy that will inevitably chain-react into a full-blown global meltdown if left uncorrected. In The Trouble with Capitalism, Soros outlines the dangers, explains the widespread misconceptions from which they spring, and proposes real-world solutions tested on the ground in the over forty countries worldwide in which his $350 million-plus-a-year Open Society Institute has foundations. The Trouble with Capitalism is informed by a lifetime of work in support of the society we need to preserve the open markets we cherish.Alarming, contrarian, and intensely controversial, The Trouble with Capitalism flies in the face of much conventional economic wisdom. Like a farseeing lookout crying Iceberg! on a speeding ship filled with oblivious revelers, his is a voice we ignore at our grave peril.