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The Crisis of Global Capitalism, by G. Soros : Sustainability and Possibility of World Capitalism (Article)

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  • Economics
  • Engineering
  • Political Science


  Since the Lehmann shock, American capitalism has collapsed because of failures of financial management. G. Soros insisted that the causes of the breakdown of American capitalism were financial engineering, and ROE management seeking short-term profits. Soros has proposed a new paradigm and new ideas about the capitalis system for the near future. The object of this paper is to present Soros᾽ ideas about overcoming the crisis of Global Capitalism. Soros has been influenced by K. Popper at the LSE, especialy Popper᾽s “Open Society and its Enemies.” gave the more the power to Soros.   This paper has 5 parts.   (1) What is Global Capitalism?    a. The Definition of Global Capitalism    b. Soros᾽ Criticism of Global Capitalism   (2) The Life history of Soros as a Hungarian Jew   (3) Success Story of Soros   (4) Concept of Reflexibility   (5) Possibilities of Open Society Institute

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