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George Soros Lecture on Capitalism versus Open Society, Part 3
George Soros continues his week-long lecture series at the Central European University in Budapest discussing capitalism versus open society. In this third segment,he states that while capitalism is not directly opposed to open society, it poses a major threat to its survival. Because of opposition, he believes that market and political participants should operate in separate spheres. Soros summarizes the lecture with a postulate that a focus on the "cognitive function" and on focusing on the public good will allow representative democracy to function better, and even only a small number of adherents to this would allow a new middle ground to be rediscovered. See below for a transcript of the lecture.