In 1997, financier George Soros wrote an article for The Atlantic magazine titled “The Capitalist Threat.” In it, he warned against running society according to the principles of laissez-faire capitalism, or, as it’s often called, “the free market.” Because competition-free, market-less communism had obviously failed as a blueprint for society, Soros thought we risked learning the false lesson that its opposite—hypercompetitive markets-on-steroids capitalism—would be a great success.
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