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 CapitalismMichael Hudson v. George Soros on China’s Rejection of “Market” CapitalismYves Smith
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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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