Economy and polity are inseparable -- George Soros

“The efficient market hypothesis looks at financial markets in isolation and totally disregards politics. But that gives a distorted picture. Behind the invisible hand of markets there is the visible hand of politics which establishes the rules and conditions in which the market mechanism operates. My conceptual framework relates to the political economy, not the market economy as an abstract construct that is governed by timelessly valid laws. I look at financial markets as a branch of history.” [i]
 
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[i] Soros, George, lecture at Central European University , October 30, 2009 , http://www.soros.org/resources/multimedia/sorosceu_20091112/wayahead_tra... .