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The Republican Party has been captured by a bunch of extremists : People who maintain that markets will take care of everything, that you leave it to the markets and the markets know best. Therefore, you need no government, no interference with business. Let everybody pursue his own interests. And that will serve the common interest. Now, there is a good foundation for this. But it's a half-truth.

George Soros#29

PoliticsPolicyMarketsRegulationInterestsParties

About this quote

What does it mean?
Soros says Republicans trust markets too much without government. He calls this belief a half-truth foundation.
In plain terms
He says Republicans believe markets fix everything with no government. He says this is only partly true.
What can you take from it?
Markets need government oversight to work well.

Where it applies

  • political analysis
  • economic policy
  • market regulation

Putting it to work

  • evaluate market claims
  • support balanced governance
  • question extremes

Questions to consider

  • Can markets work alone?
  • Where does government fit in markets?

Another view

Defining the right level of interference is subjective.

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