George Soros Quotes

It’s no surprise that a global economy creates a global class conflict…. All markets create classes and class conflicts.

Economic development must ... not be left to the sole judgment of a few men or groups, possessing excessive economic power, or of the political community alone, or of certain powerful nations

China became an economic power with few equals. By 2010 China gad overtaken Japan as the world’s second largest economy in terms of GDP, China’s transformation consistently drew one ideas beyond it shores.

In 10 years, ... you're going to see the most valuable economy in the world -- the largest economy in the world -- is going to be a country run by communists. The Chinese seem to be very good at capitalism. And this is going to have fundamental problems and present an identity crisis for the United States. Because for a long time, free markets coincided with liberties such as free speech, free press, free religion. And all of a sudden, this equation is going to be decoupled. And when it gets decoupled, we might find that democracy, the multitude of voices, actually impedes capitalism because a state that does not have any pretense of limited government can very quickly mandate a regulatory framework for drones, for electric cars, for self-driving cars, for any new innovation where they feel that they can leapfrog Western societies. And this is a very unique thing in the American experience. And this is why it's very important to think of American capitalism as an operating system and not as an ideology. Because when you think about it as an ideology, you can have good politics make for very, very bad policy. That market outcomes and democratic voices and battles for votes can end up stifling progress.

Algeria was therefore only the beginning of something that was in development: this is why I say that it's the global capitalist system that finally reacted against us.

Middle-class democracy has proved the best camouflage of the political dominance of big capital.

We have got to put a human face on the global economy.

No nation, rich or poor, democratic or authoritarian, can escape the fundamental economic imperatives of the global market. No nation can escape its discipline. No nation can avoid its responsibility to do its part

Africa has no time to lose. The global economy is fast leaving our continent behind.

For the first time since the 15th century, China is becoming a major economic power.

GDP has effectively become a proxy for national success or failure. It has the power to decide elections, overthrow governments, and launch popular movements.

The predominant idea behind globalization, in its most virulent form, is an unpleasant kind of social Darwinism - that the world is for winners not losers, that only the successful count, that money is considerably more important than votes.

I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

Capitalism is in crisis.

The United States is going to be a rich country, it is going to be prosperous, but it is not going to be able to take the lead in the next phase of global economic development.

The industrial society... recognises nothing except the power to acquire... No other kind of hope or satisfaction or pleasure can any longer be envisaged within the culture of capitalism.

And so in terms of territorial control, in terms of economic preeminence, the western share of the gross world product is declining as Asian societies in particular develop economically.

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.

My idea, as the whole world knows, is that the capitalist system now doesn't work either for the United States or the world, driving it from crisis to crisis, which are each time more serious.

These are the multinationals, like General Motors and Nestle; these are the big industrial groups that weigh, on the monetary scale, much more than big countries like Egypt.

What I'm really worried about is war. Will the former rich countries really accept a completely changed world economy, and a shift of power away from where it has been the last 50 to 100 to 150 years, back to Asia?

We're living through the twilight of American economic dominance.

They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?

Globalization has benefited middle-income less than either richer or poorer countries.

In the rich countries the poor expect a quantity and quality of commodities beyond the dreams of Louis XIV, while many of the so-called developing countries enjoy much higher economic growth rates than those of industrialized countries at a similar stage of their own histories.