Global Free Markets
Mr. Soros and Mr. Krugman debated their positions on the implications of capitalism around the world. Mr. Soros… read more
Mr. Soros and Mr. Krugman debated their positions on the implications of capitalism around the world. Mr. Soros discussed the globalization of the economy and how economies are interrelated and warned against the current euphoria about the market mechanism. Mr. Krugman conceded that the global market economy is “inhuman” and based on desire but argued that the global marketplace is the best system in place and has been accepted by most of the world. He also said that capitalism has delivered most of life’s essentials to people all over the world. Members of the audience also posed questions. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Leslie H. Gelb President Council on Foreign Relations
- Paul R. Krugman Professor Stanford University->Economics
- George Soros Founder Open Society Institute
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