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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.

George Soros

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George Soros
Age: 94
Born: 1930
Born: August 12
Banker
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Philanthropist
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Buda Pest
György Schwartz
György Soros
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Studying economics is not a good preparation for dealing with it.
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I commissioned two political experts to advise me about what I could do to oppose the re-election of President Bush.
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A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.
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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.
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Markets are imperfect. So you do need regulation, knowing that the regulators are also human.
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My original intention was to spend the money in my lifetime.
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I call government that works the best for people open society, which is basically just another more general term for a democracy that is - you call it maybe a liberal democracy. It's not only majority rule but also respect for minorities and minority opinions and the rule of law. So it's really a sort of institutional democracy.
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I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don't have much personal use for money.
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Law has become a business. Health care has become a business. Unfortunately, politics has also become a business. That really undermines society.
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The hardest thing to judge is what level of risk is safe.
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However, even a strong government can't perform miracles. It needs money from the taxpayers.
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The sovereignty of states must be subordinated to international law and international institutions.
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You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
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These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.
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Advocating democracy has, by other people, often been taken as a form of imperialism, and not without some justification. So the important thing in a democracy is that it doesn't necessarily have to agree with what America's interests are, and it doesn't necessarily have to be serving American interests.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
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I have made it a principle to give advice that does not serve my personal interest but rather the common interests.
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I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.
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We 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.
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