Open Society: Reforming Global Capitalism

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Description

George Soros applies his experience in the world of finance to explain what is happening in the collapsing global economy. The Russian economy has collapsed leading to inflation and economic hardship; scores of Japanese banks are in ruin; the once-booming economies of Thailand, Malaysia and Indonesia have imploded; and even in Europe and America, the markets lurch violently, wiping out gains each week. Soros dissects the crisis and economic theory, revealing how theoretical assumptions have combined with human behaviour to lead to today's calamities. He shows how unquestioning faith in market forces causes blindness to crucial instabilites, and how those instabilities have chain-reacted to cause the economic crisis which, he argues, still has the potential to get much worse. Soros offers solutions to this global meltdown.

Reviews

An authentic financial genius - SPECTATOR

The Chieftain of market speculators...Soros is a financial genius - SUNDAY TIMES

His success has been unparalleled in the history of finance - THE TIMES

One of the finest economic thinkers of this age. - IRELAND ON SUNDAY

Author Bio

* George Soros oversees a global network of foundations dedicated to supporting open societies, and is world-renowned for his financial brilliance.