A Quote by George Soros
As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.
Related Quotes
Playing by the rules, one does the best he can, irrespective of the social consequences. Whereas in making the rules, people ought to be concerned with the social consequences and not with their personal interests.
In Germany it is good if as many people as possible join initiatives and peaceful demonstrations against the rule of the financial markets. Worshipping the unfettered freedom of global markets has brought the world to the brink of ruin. We now need social and ecological rules for the market economy.
Upon graduation, believe it or not, I had no job. I had no interviews. I had no prospects. I had no worries. What I did have, I had passion. I had enormous passion. I had passion for financial markets. I had fallen in love with financial markets.
I've had opportunities to step foot on the grounds and play Augusta and watch the Masters. But I always, since I was a kid, I always told myself I am never going to set foot there unless I am playing and a participant.
No individual anonymous participant can influence the prices and therefore you really can speculate in the market without paying attention to morality. That's one of the positive features of markets. That's why they function.
Financial regulators should be particularly attentive to the financial consequences of their actions.
Developments in financial markets can have broad economic effects felt by many outside the markets.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
I had always felt that I was an observer, never a participant; that I was watching from behind a thick glass wall as people went about the business of living--and did it with such ease, with a skill that they took for granted and that I had never known.
If we don't like rent control, we ought to oppose it on political and social grounds - and not just by arguing that, thanks to smartphones and social networks, we can create new, more efficient markets for matching short-term renters with tenants.
Not in the name of a necessary protection of the white race did the European break into China, but for the benefit of the Jewish-mercantile greed for profit. He thus dishonored himself, destroying a whole civilization, provoking justified indignation. China fights for its myth, for its race, and its ideals, as does the renewal-movement in Germany against the mercantile race that rules all stock markets and the actions of most governments.
Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
Some things never change - there will be another crisis, and its impact will be felt by the financial markets.
Taming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.
There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for example, always had to pay a lot more in interest to borrow money than governments in developed nations.
To dismiss the current extinction wave on the grounds that extinctions are normal events is like ignoring a genocidal massacre on the grounds that every human is bound to die at some time anyway.
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