As a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.
George SorosI put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.
George SorosThe concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
George SorosWe must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.
George SorosThe global crisis is caused by pathologies inherent in the global financial system itself.
George SorosThe eurozone status quo is neither tolerable nor stable. Mainstream economists would call it an inferior equilibrium; I call it a nightmare - one that is inflicting tremendous pain and suffering that could be easily avoided if the misconceptions and taboos that sustain it were dispelled.
George Soros