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To: synchro who wrote (6908)1/8/1998 1:30:00 AM
From: Joe NYC  Respond to of 152472
 
Synchro,

<OT>
Thanks for the references. Now I know what you mean about Soros.

Now with his, wealth maybe he should single-handedly bail out Korea just to show the world how much superior his his mind is to the the sum of all free market forces he so despises.

Joe



To: synchro who wrote (6908)1/8/1998 3:54:00 AM
From: Bruce R. Schlake  Read Replies (2) | Respond to of 152472
 
*off topic* Just when I thought I could get some work done without dodging incoming missiles, you give me some very interesting reading to peruse.

To better understand Soros ideals, I hope in the future he is more specific as to what changes he would make to bring about this more utopian global society. In fact, he could use our country as an example and tell us what he would do to bring about a more perfect union. A kind of micro case study. As you mention, we are far from being pure laisser-faire. Maybe this is really just a slick way to meld our form of government into the rest of the world.

I think his strongest ground is the premise that success without integrity is not success at all. I don't agree with his insinuation that capitalism puts money as everyone's highest goal and only those with money are viewed as successful. This sounds like a guilty conscience to me. He really has it in reverse. If you are successful at your passion the money will follow. If the money doesn't follow, you probably don't care.

It seems obvious that free markets don't exist in a vacuum and everything cannot have a price placed on it. It would also be great if everyone recognized that they were not right half of the time and knew what they believed was just faith not fact. Unfortunately we are fighting human nature here. Institutions must pick up the slack but not to the point they limit (too much) the free choice that finds the passion.

Soros is worried that global capitalism is a serious problem because it is getting too far ahead and needs institutional support behind it to hold together the fabric of society. I can't disagree, but he again seems to have things in reverse. Lack of good and efficient global institutions are the problem not capitalism. Thanks for the read.

Bruce