George Soros quotes - page 7

There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place. (George Soros)
You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel. View quote
George Soros
In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments. View quote
George Soros
China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China. View quote
George Soros
It is better to have a cat and mouse game where the cat has the upper hand than a cat and mouse game where the mice are ruling. Because the latter means that the market participants are given free range. That was actually the big misconception of our national hero Ronald Reagan, who always talked about the magic of the market. View quote
George Soros
Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the imagination of the German public, and the German public has accepted it. View quote
George Soros
The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs. View quote
George Soros
Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power. View quote
George Soros
The world is looking to us for leadership. We have provided it in the past; the main reason why anti-American feelings are so strong in the world today is that we are not providing it in the present. View quote
George Soros
The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions. View quote
George Soros
If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes. (George Soros)
However, even a strong government can't perform miracles. It needs money from the taxpayers. View quote
George Soros
Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in. View quote
George Soros
I have made it a principle to give advice that does not serve my personal interest but rather the common interests. View quote
George Soros
Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury. View quote
George Soros
I did spearhead the introduction of the Internet in countries like Russia, the former Soviet Union, because it is a very open system of communication. I think it has great potential for self-organization and self-organization is very much at the heart of an open society. View quote
George Soros
The Republican Party has been captured by a bunch of extremists ... People who maintain that markets will take care of everything, that you leave it to the markets and the markets know best. Therefore, you need no government, no interference with business. View quote
George Soros
On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. View quote
George Soros
Before the invasion of Iraq, we could project overwhelming power in any part of the world. We cannot do so any more because we are bogged down in Iraq. View quote
George Soros
Equilibrium itself has rarely been observed in real life - market prices have a notorious habit of fluctuating. View quote
George Soros
We live in a global economy, but the political organization of our global society is woefully inadequate. (George Soros)
You know, I learned at a very early age that what kind of social system or political system prevails is very important. Not just for your well-being, but for your very survival. View quote
George Soros
The development of a global economy has not been matched by the development of a global society. View quote
George Soros
Every innocent death helps the terrorists' cause by stirring anger against America and bringing them potential recruits. View quote
George Soros
I wish I could write a book that will be read for as long as our civilization lasts... View quote
George Soros