The easiest way to blog the interesting things you find on the web. Supports Blogger, Wordpress, Typepad, Live Journal, Movable Type, and Vox.learn more»
Soros Says Financial Crisis Marks End of a Free-Market Model
Feb. 21 (Bloomberg) -- Billionaire investor George Soros
said the current economic crisis has its roots in the financial
deregulation of the 1980s and marks the end of a free-market
model that has since dominated capitalist countries.
Liberalization of the financial industry begun by the Reagan
administration has led to a series of breakdowns forcing
government intervention, Soros told economists and bankers last
night at a private dinner at Columbia University in New York. The
global recession, triggered by the collapse of the U.S. housing
market, has “damaged the financial system itself,” he said.
copy and paste this stylesheet into your blog template...