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Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism

Summary:
The most charitable interpretation of Soros’ position is that he suffers from a China version of the saying attributed to Charles Wilson, “What’s good for GM is good for America,” which here becomes, “What’s good for people like me of course is good for China.” Except as Michael Hudson explains, it isn’t....Naked CapitalismMichael Hudson v. George Soros on China’s Rejection of “Market” CapitalismYves Smith

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The most charitable interpretation of Soros’ position is that he suffers from a China version of the saying attributed to Charles Wilson, “What’s good for GM is good for America,” which here becomes, “What’s good for people like me of course is good for China.” Except as Michael Hudson explains, it isn’t....
Naked Capitalism
Michael Hudson v. George Soros on China’s Rejection of “Market” Capitalism
Yves Smith
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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