Tuesday, July 15, 2008

Love This Guy - Most Successful Investors are Radical

7 Comments:

Blogger The Sheriff said...

How the fuck is this NIMBY bow-tie wearing fatcat radical? Honestly. Forgive the epithets and expletives above, just tell me how this is radical in the least.

6:29 PM  
Blogger John Liberty said...

He's not a fatcat. Yes, he is rich.

He believes the United States government and economy has lost its way, he has theories behind it, and he has moved to Singapore because "Asia is what America was in 1908." He is a serious independent thinkers who has, throughout his whole lifetime, had problems with authority. He started George Soros' fund with George Soros, but Soros had to fire him because he was "too controlling and had too many problems with authority."

He definitely has the radical spirit, and I would say that his words in this interview, and his actions(moving to signapore) shows how independent he is as does his criticisms of the U.S. government.

7:38 PM  
Blogger John Liberty said...

I'm not saying the interview is radical - not sure if you thought that.. but you can definitely see his leanings and demeanour. It's pretty funny. I sent him an email once telling him how much I liked him and he sent back "thanks for your terrific message. hope we get to meet someday."

7:50 PM  
Blogger The Sheriff said...

His criticisms of the US government are boilerplate neoclassical party-line. The sum of the criticisms he leveled against US government bailouts of these companies aren't critical of Capital, they're simply a desire for further deregulation and "free" markets. There's a half-baked populist appeal against taxes and taxation, and the same Reaganite cry about balancing budgets. These are old tricks. Asia right now isn't succeeding because of "serious independent thinkers" or lack of authority... The Asian economies have benefited from a highly authoritarian government promotion of business and capital interests, including government subsidies (look a lot like bailouts) to industrial and commercial interests. Critique of government does not radicalism make.

4:16 AM  
Blogger John Liberty said...

I meant radical integer, not political radical.

3:09 PM  
Blogger Scantron said...

I'm really glad you said "NIMBY," Sheriff. What does it mean, though, to have your backyard in Singapore?

12:12 AM  
Blogger The Sheriff said...

I thought only his tie was Singaporean. Isn't it something to the effect of "don't tax me, we should just outsource it if it isn't efficient enough" Like we do with spent nuclear fuel, toxic waste, and heavy industries. Now financial services; I'm reminded of that Anderson piece "On the Current Conjuncture"--how capital institutions and even policy wonks aren't worried about the decline of US corporeal supremacy because the ideology's already in place wherever we'd want it to be.

2:00 AM  

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