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George Soros

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Open Society: Reforming Global Capitalism Paperback – 12 January 2001

by George Soros (Author)

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George Soros is a legend in the world of finance. His Quantum Fund has been the best performing investment fund in history and his foundations have helped re-shape the post-Cold War world.

In this thoroughly revised version of his international bestseller, George Soros reconsiders his analysis in the light of recent economic events. We need to improve our international arrangements to match our increasing economic interdependence. Soros proposes that the open societies of the world should form an alliance for the dual purpose of fostering the development of open society within individual countries, and to lay the groundwork for a global open society by strengthening international institutions and rules of behaviour. Whilst the hardback edition emphasised the financial side of the system, the paperback adds more weight to its political aspects. Offering brilliant solutions based on years of Soros's own experience as a financier and philanthropist, THE CRISIS OF GLOBAL CAPITALISM is essential reading for anyone involved with the new economy - that is, all of us.

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Print length

400 pages
Language

English
Publisher

Little, Brown
Publication date

12 January 2001
Dimensions

23.5 x 3.3 x 15.6 cm
ISBN-10

9780316855983
ISBN-13

978-0316855983
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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

Review

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

Product details

ASIN ‏ : ‎ 0316855987
Publisher ‏ : ‎ Little, Brown; 1st edition (12 January 2001)
Language ‏ : ‎ English
Paperback ‏ : ‎ 400 pages
ISBN-10 ‏ : ‎ 9780316855983
ISBN-13 ‏ : ‎ 978-0316855983
Dimensions ‏ : ‎ 23.5 x 3.3 x 15.6 cm

Customer Reviews:
23

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George Soros

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George Soros is the chairman of Soros Fund Management and the founder the Open Societies Institute, a global network of foundations dedicated to supporting open societies. He is the author of several best-selling books including The New Paradigm for Financial Markets/The Crash of 2008 and What It Means, The Bubble of American Supremacy and The Age of Fallibility. He was born in Budapest and lives in New York City.

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A must reas

Reviewed in Mexico on 16 October 2019

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Soros da su adaptación de las teorías de Popper y como le influye en su modo de actuar. En el habla de su teoría de la reflexividad y hace una apología de sus patrones de actuación tan criticados últimamente por mucha gente. Si pensáis en el lado conspiracionista de soros antes tenéis que leer este libro

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robertajani@hotmail.com

Five Stars

Reviewed in the United Kingdom on 1 March 2017

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The book is in perfect condition.

Joan E. Morrone

Never too much evidence!

Reviewed in the United States on 2 March 2013

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George Soros' latest book, Open Society: Reforming Global Capitalism, is an updated version of his philosophy--philosophy being an unending search for wisdom. The billions he made from his wise investments in the stock market did not make him part of the problem, but part of the solution. He became a philanthropist, putting his money into a worldwide organization meant to support democracy and human rights in over 70 countries.

In his overly long introduction, he apologizes for perhaps covering too much ground, but there can never be too much evidence. As working on his theory of evolution had been Darwin's whole life and summed up in his book, so too has Soros' theory of human behavior. It is not just open societies that he promotes, but also open minds. It is bound to be even more controversial than evolution due to our egotistical notion that we already know the truth about ourselves.

As his primary interest is in saving our country from bankruptcy, he begins with the imperfections that concern our status as leaders of the whole world. Business, he says, is conducted for private gain, and is not designed to safeguard universal principles; our "freedoms" are being threatened by the "unbridled pursuit of self-interest" on the part of our leaders. What has come about is an unholy alliance between government and business.

He began his philosophical search for the truth by examining his own shortcomings. His predictions had not been totally right due to miscalculations on his part--he was accused of crying wolf once too often. Looking back he saw that he believed that he was right about coming crisis; it was the timing that was wrong. Seeing that he was fallible, not infallible, he surmised that this was an ongoing universal problem. (Socrates called it hubris.)

It seems the basic things we learn about ourselves apply to human nature. It is earthshaking to believe that we might be wrong, but when we start to think about it, what we have gained is an open mind.

He makes up for his tedious background information, which was necessary for those, like myself, who knew nothing about the man or his books, by summing up the problem of a closed mind in the first paragraph of the first chapter. It seems we can live in an open society, and still be close-minded.

"The concept of open society," he says, "is based on the recognition that our understanding of the world is inherently imperfect. Those who claim to be in possession of the ultimate truth are making a false claim, and they can enforce it only by imposing their views on those who differ...Acting on that understanding, we can create a society that is open to never-ending improvement. Open society falls short of perfection, but it has the great merit of assuring freedom of thought and speech and giving ample scope to experimentation and creativity."

While he had never been worried about his reputation--he has been accused of being a communist for trying to save capitalism--he did come to see the importance of public opinion. He had to get the voting public to understand the problem. By adjusting his style (or seeing the importance of rhetoric) he became a popular speaker. What he also saw was that rhetoric, when used to further ulterior motives, becomes a way of becoming popular by crying wolf deliberately--the "common enemy" needing to be destroyed--the "infallible savior" being a do-gooder whose ways and means become the cause of his undoing.

While Soros has no faith in reasoning, this is exactly what he was doing when he was thinking rationally. Wouldn't an Open Society Alliance, seeking for improvement in relationships between countries ultimately restore our reputation as a beacon of light, and also bring about a consensus of opinion? Haven't all wars been caused by those forcing their opinions on others--we, being the chief offenders, having been do-gooders bringing ourselves down by our violent ways and means of instilling our way of life?

Reading George Soros' book will not make you a rich investor, but, once understood, it will make you an active and wiser citizen, at which time you will no longer be part of the problem but part of the solution. Benjamin Franklin, when asked what had been achieved, a republic or a monarchy, answered, "A republic, if we can keep it."

One more thing; Soros credits Karl Popper for giving him the idea of an open society, proving that our advancement has come from stepping on the shoulders of those who came before us. I have just ordered his book "Open Society and It's Enemies" for my own edification.

Joan Morrone

5 people found this helpful

Joe M

Interesting ideas, but you can put this book down easily

Reviewed in the United States on 30 March 2023

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Rambling style of writing

John Matlock

A Difficult Book to Read

Reviewed in the United States on 5 July 2021

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I understood that Soros had come up with a new suggested philosophy of how the world should work and I wanted to know more about it. His proposed Open Society has to me an element of wishing the world would operate in a way different than it has been tried in the past. If everyone could be as nice as he thinks it would be good. Unfortunately I don't think the world is quite ready for such a world as he proposes.

There are other parts to the book where he talks about things like currency trading they were very educational as well as interesting.

JM

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