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Essay Galaxy - Soros And Market Fundamentalism Soros And Market Fundamentalism

Many economists agree that there is a significant imbalance between the growth of global economy and the development of a free society. One of these economists who agrees with this point is George Soros. Soros bases his dilemma mainly on the Thai crisis that hastened the currency meltdown in Asia. Also the Russian collapse inflicted temporary chaos on the Western financial system, and most recently, the volatility of the world’s stock markets has caused most investors much tremor. George Soros argues that in the last 20 years, the emergence of market fundamentalism, that is the idea that markets need only be regulated by the forces of profit and competition, has distorted the role of capital to the extent that it is today a greater threat to open society than any totalitarian. Soros argues that capitalism, w....

Number Of Pages: 2 Number Of Words: 371

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