“Western democracies provide less successful leadership than China”
March 9, 2011
By Steve Watson
Billionaire investor George Soros has once again cited China’s dictatorship as the model for the rest of the world in a speech at an elite gathering in Europe.
Soros told the exclusive Travellers Club, that “China’s model of state capitalism, in which the interests of the individual are subordinated to those of the government, poses a danger if its example becomes“the envy of the world.”
“Perfect order and global governance are not realistic expectations.” Soros was reported to have said at the elite gentleman’s meeting in Paris.
“However, it is a sad fact that Western democracies provide less successful leadership than China.” he continued.
Soros is clearly imagining a world in which freedom has all but vanished, given that he believes anyone in Europe or the US could ever envy life in China.
Soros has repeatedly stated that he sees China as the model for a new financial world order, replacing the U.S., slowing economic growth and reducing living standards.
Soros has characterized the United States as a drag on the global economy because of the declining dollar, adding that a new global currency is required in the form of IMF special drawing rights – paper bonds printed by the global regulatory body.
He has also described gold as “the ultimate bubble”, advising against investing in it, while privately doubling his own gold holdings. Read More
