GEORGE SOROS - Difference Between Natural & Social Phenomena
In his latest book, Open Society, retired billionaire speculator George
Soros continues to argue against capitalism and its justification in
economic theory. The book doesn’t put a dent in capitalism, but shows
that billionaire financiers don’t necessarily understand the first thing
about economic systems.
Soros opens with an indictment of the
concept of equilibrium. In the real world, equilibrium is compromised by
what Soros calls “reflexivity.” Reflexivity (“the cornerstone of my
conceptual framework”) refers to the fact that people’s opinions about
social phenomena affect those very phenomena. All knowledge is therefore
imperfect, and all social events unpredictable, he concludes.
The
first problem is that Soros’s theorizing is confused. “Our thinking
guides us in our actions,” he writes, “and our actions have an impact on
what happens.” The actions of all individuals certainly have an impact
on social reality, but a single individual can safely take the
environment as given when making his own plans. The price of tomatoes
depends on all individual demands, but an individual buyer can take
prices as fixed. In cases where one individual’s actions influence
another’s, strategic behavior (taking into account other people’s
reactions) becomes rational, but this does not imply that the system is
unstable. “Reflexivity” is much ado about nothing.
Ever since
the Crash of 2008 there has been a widespread recognition, both among
economists and the general public, that economic theory has failed. But
there is no consensus on the causes and the extent of that failure. It
looks like a growing number of professional investors are preparing for a
stock market crash, as hedge fund filings for the second quarter show a
spike in defensive positions.
In particular, legendary
billionaire George Soros made a huge bet against the market. He
increased his short position on the Standard & Poor’s 500 by a
startling 605%.
From undermining the Second Amendment and
influencing elections to sponsoring color revolutions in Eastern Europe
and the Middle East, the ominous footprint of George Soros is
everywhere.
The Hungarian-born billionaire and currency
speculator who considers himself a messianic figure was voted “the
single most destructive leftist demagogue in the country” by respondents
to a poll published by the Human Events newspaper in 2011.
“George
Soros is the most dangerous man in the world because, just like the
crazy megalomaniacs in old fifties movies, he is deceiving everybody
into believing that he is altruistic, when in fact, he is using his Open
Society/Shadow Party to undermine the very fabric of American society,”
the newspaper explained.
Since the early 1980s Soros has used
his immense wealth and influence to “build vibrant and tolerant
democracies whose governments are accountable to their citizens,” in
other words, governments answerable to the financial elite. davos
Following
the fall of the Soviet Union, Soros played an instrumental role in
moving former satellite nations into the globalist fold. A few years
later Soros would employ the tactics sharpened in Eastern Europe to
foment the Arab Spring in the Middle East and Africa. In Egypt the
color revolution turned blood red and managed to ultimately install a
military dictatorship after a cobbled together plan to have a Muslim
Brotherhood puppet rule the country failed. The Muslim Brotherhood has
served for decades as an asset of U.S. and British intelligence. Jim
Rogers is also quoted in the same story, saying, “I have frequently told
people that one of the best investments in the world will be farmland.”
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