Paraphrasing George Soros in two parts
Subtitle: an inherent paradox of the markets
Markets allocate
resources among private
and competing needs.
They don't take care of
common needs like the markets
preserving themselves.
posted by Steve @ 6:34 PM
1 Comments:
Source - Rocketboom interview with George Soros:
"You can't leave everything to markets. It is one of the misconceptions that prevail: that if markets do their thing, they'll take care of all our problems. And that's a mistake. Markets are very good at allocating resources among competing private needs. But they don't take care of common needs like preserving the market itself."
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