“The global crisis is caused by pathologies inherent in the global financial system itself.”

— George Soros

The Crisis of Global Capitalism (1998)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The global crisis is caused by pathologies inherent in the global financial system itself." by George Soros?

George Soros 99

Hungarian-American business magnate, investor, and philanth… 1930

Related quotes

“The explosion of financial innovation unaccompanied by credible systemic regulation has made the financial system vulnerable. The resulting crisis of confidence threatens global prosperity in the increasingly interdependent world in which we live. There is, therefore, a need for a new international initiative to bring structural reform in the world's financial system with more effective regulation and stronger systems of multilateral consultations and surveillance. This must be designed in as inclusive a manner as possible.”

Manmohan Singh (1932) 13th Prime Minister of India

On the financial crisis of 2007–08, as quoted in "Full text of Manmohan Singh's speech at UN General Assembly" http://www.hindustantimes.com/world-news/full-text-of-manmohan-singh-s-speech-at-un-general-assembly/article1-340789.aspx, Hindustan Times (27 September 2008)
2006-2010

“If both Mars and Earth are experiencing global warming, then maybe there is a larger phenomenon going on in the Solar System that is causing their global climates to change, like changes in the Sun.”

Anthony Watts (1958) American television meteorologist

Global Warming on Mars? http://wattsupwiththat.com/2006/12/20/global-warming-on-mars/, wattsupwiththat.com, December 20, 2006.
2006

“It is time to recognize that financial markets are inherently unstable. Imposing market discipline means imposing instability, and how much instability can society take? … To put it bluntly, the choice confronting us is whether we will regulate global financial markets internationally or leave it to each individual state to protect its interests as best it can. The latter course will surely lead to the breakdown of the gigantic circulatory system, which goes under the name of global capitalism.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

The Crisis of Global Capitalism (1998)

“A new global financial environment has unfolded in several stages since the collapse of the Bretton Woods system of fixed exchange rates in 1971.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 20, Global Financial Meltdown, p. 309

“Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 5, The Global Cheap-Labor Economy, p. 69 (See also: Rosa Luxemburg, Karl Marx)

“It’s the global food system that’s broken, not just the practices of any one country. A global problem requires a united global effort, and China could easily take the lead.”

Jacy Reese (1992) American social scientist

[China Could Become the Lab Meat Capital of the World, August 26, 2018, LiveKindly, https://www.livekindly.co/china-lab-meat-capital-world/]

“Globalization cannot be allowed to become the grand global casino where investors rig the system to guarantee that they always win”

Alfred de Zayas (1947) American United Nations official

Report of the Independent Expert on the promotion of a democratic and equitable international order on the adverse impacts of free trade and investment agreements on a democratic and equitable international order http://www.ohchr.org/EN/Issues/IntOrder/Pages/Reports.aspx.
2015, Report submitted to the UN General Assembly