All these countries [in East Asia] have spent 40 years trying to build up their economies and a moron like Soros comes along with a lot of money to speculate and ruin things.
About this quote
- What does it mean?
- Critics blame Soros for ruining East Asian economies after decades of growth.
- In plain terms
- Some say Soros ruined East Asian economies with speculation.
- What can you take from it?
- Speculation can undermine long-term economic building efforts.
Where it applies
Putting it to work
Questions to consider
- Who is blamed for economic crashes?
- Does speculation ruin growth?
Another view
Economic crises often have multiple causes beyond speculation.
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