George Soros on PBS

Henry C.K. Liu hliu at
Sat Feb 24 21:12:26 MST 2001


Soros has been saying that for several years now. Dpesite his success and
wealth, sorros is an outsider.  He is seeking to reform the system to save
finance capitalism, not to destroy it.  The good news is that no one in
power will buy his ideas, and the bad news is that he may turn out to be
right because no one in power listens to him.

Sorros basically believes that the advance stage of capitalism is fascism
which with his background, he sincerely tries to prevent. In his view, this
is the weak point of Marx's prognosis that the advance stage of capitalism
automaticvally leads toward socialism.  In 1848, Fascism had yet to develop
as a modern political theory.  Germany is a very good example.   Socialism
did arrive at the industrial core, but in the form of national socialism,
not proletarian socialism.  Soros and types like him are not the true enemy
of socialism.  If there was a socialist game, he will be will to play.  In a
way, his types are accelerating the fall of the capitalist system by
exploiting its excesses.  PBS is inteviewing him because Soros, like Keynes,
is out to save capitalism by advocating reform.


Xxxx Xxxxxx wrote:

> Last night, there was a long interview with a famous Hungarian
> speculator and currency trader Soros on public TV. It was instructive to
> see how the bourgeoisie all of a sudden becomes so philantrophic as to
> make suggestions about reforming the international financial structure
> currently existing. Basically, the interviewer asked questions about
> Soros' recently published book _Open Society: Crisis of Global
> Capitalism_, where Soros makes a claim that financial markets
> occasionally move towards equilibrium, hence are always unstable, and we
> need the guiding hand of the government and international organizations
> to regulate the markets. Soros invoked the Keynesian wisdom, adding that
> he very much admired Keynes despite his homosexuality. He further said
> that WTO went overboard in its claims for free trade at the expense of
> environmental and labor conditions in various countries. And then Soros
> continued talking about how the open society is in danger if the
> financial turmoil currently existing can not be stopped, reminding the
> political instability facing the Weimar Republic during the economic
> depression years, and the subsequent rise of Hitler. As a typical
> liberal internationalist, Soros claimed a new role for the US, a
> responsibility, which includes, among others, being a less unilateral
> and more tolerant power in international relations. This reminded me a
> liberal version of Charles Kindleberger's much bolder and real politik
> claim that in the absence of a stabilizer in the world economy, the
> world system needs the leadership of the United States whose job is to
> maintain the liberal economic order embodied in institutions like the
> IMF and the World Bank. "US imperialism is not only necessary but also
> desirable" kind of argument. Soros's vision of liberalism is replacing
> Kindleberger's notion of "predatory" power with a hegemony of "benign
> neglect" and multilateralism led by the United States. Humanist
> imperialism, so to speak.
> Soros's role in Asian and European currency crises is documented,
> considering the fact that Soros made lots of profits from suddenly
> changing currency values at a time when the Asian currencies were
> overvalued due their pegging to dollar. When asked how much he made out
> of Bank of England, Soros kind of said "I am only a speculator. I make
> predictions about financial markets, which is what my function is in an
> unstable financial environment. I don't determine the outcomes"
> In any case, Soros also said that his father's memoirs will soon be
> published. They are about how it feels like being a Hungarian Jew under
> Nazi occupation. Making a connection to his Jewishness, the interviewer
> subsequently asked what Soros thought about the current situation in
> Israel, Soros said "there are enough Jews for Israel. I am not currently
> occupied with Israel. My foundations are helping to restore open society
> in Eastern Europe, China and Russia"
> It was instructive to listen to the interview, and to learn more about
> the bourgeois vision of the world, especially from a financier point of
> view. When bourgeoisie self-consciously distorts the world, despite
> trying to look like a philantrophic, they still are what they think they
> are: defenders of capitalism. Soros openly acknowledged that he wanted
> to see capitalism perish, not disappear. There is no questioning there.
> He is what he is. When some progressives, on the other hand, defend free
> trade or NAFTA in the name of Marxism, or quote Marx to back up free
> trade, there my nerves stand up.
> --
> Xxxx Xxxxx Xxxxxx
> Ph.D Student
> Department of Political Science
> SUNY at Albany
> Nelson A. Rockefeller College
> 135 Western Ave.; Milne 102
> Albany, NY 12222

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