Billionaire Hungarian-American financier and philanthropist George Soros has stirred a lot more than his fair share of controversy in the economic and political arenas. His recent statement regarding China’s government being "better functioning" than the United States govt should give conservative commentators like Beck a great deal to talk about, writes Foreign Policy.
China responsible for the world, according to Soros
China has spent much of its time focusing on its own economic interests, instead of spreading itself too thin via some kaleidoscopic foreign policy, argues Soros. The United States seems to have lost some economic power here. It has gone to China. The financial decline after World War II within the United Kingdom is what Sores compares the U.S. financial decline to.
Soros says that China needs to help others now that it has all the power economically. Soros suggests that it has to help the world economic order. It will have to do that by loosening its hold on currency.
Seeing Congressional difficulties with Gridlock
Soros says in the Globe and Mail that China has a "better functioning government" and "more vigorous economy" as the U.S. economy can't move forward with Congress being so bad at making decisions. Such time-tested distractions as the filibuster, as Kay King of the Council on Foreign Relations argues in a most recently released report, have hamstrung the U.S. government when it comes to such issues as national security. Soros' statements are practically the same as King's:
When Congress fails to perform, national security suffers thanks to ill-considered policies, delayed or inadequate resources, and insufficient personnel. Without congressional guidance, allies and adversaries alike devalue U.S. policies because they lack the support of the American people that is provided through their representatives in Congress.
Articles cited
CFR
cfr.org/content/publications/attachments/Congress_CSR58.pdf
Foreign Policy
blog.foreignpolicy.com/posts/2010/11/16/soros_china_has_better_functioning_government_than_us
The Globe and Mail
theglobeandmail.com/report-on-business/economic-power-shifting-from-us-to-china-soros-says/article1800333/
Soros on a lack of confidence in currency
youtube.com/watch?v=3iNkJ2HQbvs
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