If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.
Interpretation
Universal principles like freedom and democracy need protection beyond market forces.
George Soros emphasizes that essential values such as freedom, democracy, and the rule of law are too important to be left to the whims of the marketplace. He advocates for the creation of institutions specifically designed to protect and uphold these principles, ensuring they are preserved for future generations.
In practice
During a political debate to emphasize the importance of safeguarding democracy.
The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.
The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.
Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting caught in a quagmire.
My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it. But I can empower them. I can support them, and I can help them.
The criminalization of marijuana did not prevent marijuana from becoming the most widely used illegal substance in the United States and many other countries. But it did result in extensive costs and negative consequences.
As long as you seek for something, you will get the shadow of reality and not reality itself.
It is goodness that gives to a neighborhood its beauty. One who is free to choose, yet does not prefer to dwell among the good - how can he be accorded the name of wise?
I'm never gonna die, never heard of death, energy can never be destroyed only the flesh, so when you try to murder me with bullets to the head this is why you can't kill me niggaz, I'm already dead.
Some people who've read my story think I had a terrible childhood and that I was neglected or even abused, while others feel that my parents, while certainly flawed, also had truly wonderful qualities. And that's the way it should be, because in real life two people can look at the same president and one will see a hero and the other a villain.
I am a mirror to my neighbor, and in that mirror, he must see a reflection of Jesus. If that mirror is cloudy or distorted, Jesus' reflection will be so vague it will hardly be seen.
Look here — we shall all die! Bear this in mind always, and then the spirit within will wake up. Then only, meanness will vanish from you, practicality in work will come, you will get new vigour in mind and body, and those who come in contact with you will also feel that they have really got something uplifting from you.
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