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June 30 The Crisis of Global Capitalism (2)3. “The global capitalist system is a distorted form of open society. Open society is based on the recognition that our understanding is imperfect and our actions have unintended consequences. All our institutional arrangements are liable to be flawed and just because we find them wanting we should not abandon them. Rather we should created institutions with error-correcting mechanisms built in. These mechanisms include both markets and democracy. But neither will work unless we are aware of our fallibility and willing to recognize our mistakes.”
4. “Strange as it may seem for someone who has made his reputation and his fortune in the very practical world of business, my financial success and my political outlook have rested largely on a number of abstract philosophical ideas”, “Specifically, it is necessary to explain in detail the three concepts on which all my other ideas, and most of my actions in business and philanthropy are founded. There concepts are fallibility, reflexivity, and open society.”
5. “Fallibility means that our understanding of the world in which we live is inherently imperfect”, “Reflexivity means that our thinking activities influence the events in which we participate and about which we think.”
June 27 The Crisis of Global CapitalismI am currently reading a book called The Crisis of Global Capitalism by George Soros. I found it a really good guide book for people who want to know George Soros and study his successes in the financial market, because this book tells us about his philosophy which has been influencing him in the market practice.
I'll try to keep picking interesting pieces from the book when I read through it.
1. "We must make a distinction between making the rules and playing by those rules. Rule making involves collective decisions, or politics. Playing by the rules involves individual decisions, or market behavior. Unfortunately the distinction is rarely observed."
2. “There is a widespread presumption that democracy and capitalism go hand in hand. In fact the relationship is much more complicated. Capitalism needs democracy as a counterweight because the capitalist system by itself shows no tendency toward equilibrium. The owners of capital seek to maximize their profits. Left to their own devices, they would continue to accumulate capital until the situation become unbalanced. Marx and Engels gave a very good analysis of the capitalist system 150 years ago, better in some ways, I must say, than the equilibrium theory of classical economics. The remedy they prescribed – communism – was worse than the disease. But the main reason why their dire predictions did not come true was because of countervailing political interventions in democratic countries.
Unfortunately we are once again in danger of drawing the wrong conclusions from the lessons of history. This time the danger comes not from communism but from market fundamentalism. Communism abolished the market mechanism and imposed collective control over all economic activities. Market fundamentalism seeks to abolish collective decision making and to impose the supremacy of market values over all political and social values. Both extremes are wrong. What we need is a correct balance between politics and markets, between rule making and playing by the rules. “ 人生失败30条(转自yeye space)其实是从郭爽那里看到的转自yeye space的文章。说的很实在。
人生失败30条(转自yeye space) 一、不利的遗传背景。天生智力不足的人,是没什么办法可想的。唯一的补救办法就是“以勤补拙”。 |
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