RSSObama Buddy Plans To End Capitalism
Carl Andrews | November 7, 2009
This weekend we will be bringing you a series of articles that may escape your notice otherwise, but that we feel are important enough for you to know about them.
In this one, learn how Obama supporter George Soros wants to remake the world’s financial system.
Having purchased, rented, or placed a down payment on all the political influence up for sale in America, leftist troublemaker George Soros now plans to ramp up his war on markets worldwide by creating an “Institute for New Economic Thinking” (INET).
“The system we have now has actually broken down, only we haven’t quite recognized it and so you need to create a new one and this is the time to do it,” Soros told the Financial Times last month.
Soros said he wants Communist China to run this new financial system. “You really need to bring China into the creation of a new world order, a financial world order,” Soros said.
If that doesn’t send a chill down the spines of freedom lovers in America and elsewhere, nothing will.
In an interview with Der Spiegel last year Soros said European-style socialism “is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful — but also very harmful to our society.”
As preparation for INET, which already has a functioning website, Soros gathered economists to plot his renewed drive for world statism. One of those economists is Joseph Stiglitz, a member of the Socialist International. Stiglitz sits on SI’s Commission on Global Financial Issues, which was created “to address from a social democratic perspective the ongoing global financial crisis.” Of course to socialists a capitalist economy is by definition always in crisis, but that’s a discussion for another day.
INET’s website quotes socialist Stiglitz saying, “The financial crisis has caused a moment of deep reflection in the economics profession, for it has put many long-standing ideas to the test. If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause of great concern.”
Soros, the de facto owner of America’s Democratic Party who spent over $20 million to prevent President Bush’s reelection in 2004, plans to shell out $50 million for INET over a decade and hopes matching funds will bring in another $150 million.
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