George Soros on The Crisis

Here’s a video of George Soros, the billionare speculator, reflecting on the current economic turmoil. This is an interesting interview because he hints on a new economic paradigm, where regulation will once again be embraced. In this video as well, Soros expresses his distress on the method of the bailout and the failure of the government’s action. Soros concluded the talk by reflecting his socio-economic ideologies

I wonder, how long will this “new” paradigm last until we return to the 20th century ideology of the invisible hand that the world highly praised?

Link:

http://www.pbs.org/moyers/journal/10102008/watch.html

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