[Marxism] Forwarded from Jayson Funke (Soros interview)

Louis Proyect lnp3 at panix.com
Wed Mar 3 11:04:37 MST 2004

(clipped because of excessive length.)

Philanthropist Under Fire
By A BuzzFlash Interview
March 2, 2004

You probably know George Soros as the wealthy financier that the Bush 
cartel has targeted. In the eyes of the Bush oligarchy, Soros is a 
dangerous traitor. What are Soros' sins?

Well, he believes in democracy, positive international relations and 
effective strategies to reduce poverty, among other things. All of these 
concepts are considered highly dangerous and subversive to the 
Bush-Cheney ruling elite.

What's more, Soros backs up his beliefs with money he earned in the 
financial markets. And now he has committed millions of dollars to 
defeat George W. Bush. That makes him a class traitor to the corporate 
crony contributors who keep the Bush regime afloat.

Which brings us to "The Bubble of American Supremacy: Correcting the 
Misuse of American Power," a recently released book by none other than 
George Soros. We highly recommend you buy this critical analysis of the 
Bush cartel's neo-con fantasy. An edited extract in "The Guardian" 
offers an opportunity to preview the book. Take for instance this excerpt:

"And we have been deceived. When he stood for election in 2000, 
President Bush promised a humble foreign policy. I contend that the Bush 
administration has deliberately exploited September 11 to pursue 
policies that the American public would not have otherwise tolerated. 
The US can lose its dominance only as a result of its own mistakes. At 
present the country is in the process of committing such mistakes 
because it is in the hands of a group of extremists whose strong sense 
of mission is matched only by their false sense of certitude.

"This distorted view postulates that because we are stronger than 
others, we must know better and we must have right on our side. That is 
where religious fundamentalism comes together with market fundamentalism 
to form the ideology of American supremacy."

George Soros has written a book that brings a sane, humane, articulate 
vision to American foreign policy. So the Bush cartel detests Soros for 
two reasons: He is an articulate visionary who makes the neo-cons 
running the country seem like bumbling intellectual pygmies – and 
because he cares about the needs of others more than he cares about the 
gluttonous appetite of the Bush "Pioneers."

In your book, "The Bubble of American Supremacy," you make the analogy 
that foreign policy under the Bush administration is similar to the 
bubble dynamics of a stock market phenomenon. Can you explain that a bit 

George Soros: Stock market bubbles don't grow out of thin air. They have 
a solid basis in reality – but reality as distorted by a misconception. 
Under normal conditions, misconceptions are self-correcting, and the 
markets tend toward some kind of equilibrium. Occasionally, a 
misconception is reinforced by a trend prevailing in reality, and that 
is when a boom-bust process gets under way. Eventually the gap between 
reality and its false interpretation becomes unsustainable, and the 
bubble bursts.

In financial markets, the reversal is often catastrophic. For instance, 
look at the Internet bubble. There was a surge of investment. But that 
proved to be overinvestment, without regard for realistic 
considerations. Investment increased rapidly, and then became 
unsustainable... expectations became unattainable. Then the trend reversed.

Now look at the ideology of American supremacy. It has a solid 
foundation in reality; namely, the United States is the dominant power 
in the world. The current government believes the United States ought to 
use this dominant position to impose its will on the world. That is the 
misconception. This approach is not what made America great. America did 
not arrive at its dominant position by imposing its will on the world. 
But the confluence of a bunch of ideologues in Washington with the 
September 11 attack allowed this theory to gain acceptance and to become 
the ideology that guided the U.S. response to the terrorist attacks.

It led to the Bush Doctrine, which, as I explain in the book, is based 
on two pillars: maintaining military superiority globally – in every 
region of the world – and the right to take preemptive military action. 
The Bush Doctrine was put to practical test in Iraq, and that's when it 
went too far. The decision to go to war in Iraq represents the lack of – 
or the suspension of – the deliberative, openly debated process that has 
been at the core of American democracy. After Sept. 11, Bush wrapped 
himself in the flag. He could not be criticized without the critic being 
branded unpatriotic. This lack of political process that allowed the 
administration to go off the rails – demonstrated by its attack on Iraq.

full: http://www.alternet.org/story.html?StoryID=17999


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