google "define capitalism" find a succinct definition and then copy and paste it?

At least that's what I'd do.

Edited by steve1984 (26 Dec 2018 8.32pm)

Boring in and of itself? That's good. I see that your criticism of Soros is reasonably measured and you're disinclined to demonise him.

So rather than bore you with an extensive reply I'll limit myself to the infamous run on the pound debacle which according to you makes him an arsehole.

You say that..

It seems to me at least, that herein lies the main reason we struggle to evaluate the economy through the prism of left & right economic theory. Regulation essentially acknowledges the fact that left to its own devices capitalism doesn't work in everyone's best interest.

The tories are basically capitalists and see themselves as champions of (economic) freedom. Socialists by comparison are the champions of fairness and regulation is one of their instruments.

Soros sits smack in the middle of these two conflicting political ideologies. On the one hand he's the capitalist's capitalist but on the other hand his USD18bn donations to various foundations, makes him the archetypal socialist.

At its heart, free market capitalism works on the principle that might is right. It promotes inequality and unfairness.

In attempting to deliver fairness, socialism places limitations on freedom.

My opinion of Soros is that I'm happy that the man recognises this contradiction. I'm happy that whilst working within the strictures of the existing system he chooses to give away his wealth to what he considers to be worthy causes. But in the final analysis he is merely a product of his (or more like our) environment. An environment that is long overdue a complete overhaul.

Edited by steve1984 (26 Dec 2018 5.00pm)