To Soros, the spectacular debunking of the credo of efficient markets—the notion that markets are rational and can regulate themselves to avert disaster—"is comparable to the collapse of Marxism as a political system. The prevailing interpretation has turned out to be very misleading. It assumes perfect knowledge, which is very far removed from reality. We need to move from the Age of Reason to the Age of Fallibility in order to have a proper understanding of the problems." Understanding, he says, is key. "Unrestrained competition can drive people into actions that they would otherwise regret. The tragedy of our current situation is the unintended consequence of imperfect understanding. A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to." Still, Soros believes the West is struggling to cope with the consequences of evil in the financial world just as former Eastern bloc countries struggled with it politically. Is he really saying that the financial whizzes behind our economic meltdown were not just wrong, but evil? "That's correct."
Do I think Georgie believes that? Not a chance in Hell. That's what he wants -us- to believe.
Here's what Georgie believes:
He sympathizes with the Occupy movement, which articulates a widespread disillusionment with capitalism that he shares. People "have reason to be frustrated and angry" at the cost of rescuing the banking system, a cost largely borne by taxpayers rather than shareholders or bondholders.Overall, that's a pretty bold statement of fact for ol' George. Since Occupy Wall Street is not a grass roots thing but rather a bought-and-paid-for Soros funded thug group, he ought to know what they are going to do. So this year George is planning to have European-style street violence as part of the election campaign. Not for the sake of freedom mind you, but to cause the increase in police state behavior he claims to be all worried about. Because police states make it easier to steal money, if you own the cops. Awesome, eh?
Occupy Wall Street "is an inchoate, leaderless manifestation of protest," but it will grow. It has "put on the agenda issues that the institutional left has failed to put on the agenda for a quarter of a century." He reaches for analysis, produced by the political blog ThinkProgress.org, that shows how the Occupy movement has pushed issues of unemployment up the agenda of major news organizations, including MSNBC, CNN, and Fox News. It reveals that in one week in July of last year the word "debt" was mentioned more than 7,000 times on major U.S. TV news networks. By October, mentions of the word "debt" had dropped to 398 over the course of a week, while "occupy" was mentioned 1,278 times, "Wall Street" 2,378 times, and "jobs" 2,738 times. You can't keep a financier away from his metrics.
As anger rises, riots on the streets of American cities are inevitable. "Yes, yes, yes," he says, almost gleefully. The response to the unrest could be more damaging than the violence itself. "It will be an excuse for cracking down and using strong-arm tactics to maintain law and order, which, carried to an extreme, could bring about a repressive political system, a society where individual liberty is much more constrained, which would be a break with the tradition of the United States."
We shall see how that plan plays out when it meets the -real- grass roots movement in America, and Soros's paid political thugs rub up against the Don't Tread On Me crowd. Should turn out real different than the pre-arranged circus we were treated to last fall.