George Soros Declares a ‘Bankruptcy’ of Free-Market Capitalism

Anthony Kang
NewsBusters
3/1/2010

You’d think the money man behind an array of left wing organizations wouldn’t need CNN to get out his message about the death and “bankruptcy” of free-market capitalism, but there was left-wing billionaire and financier George Soros on “GPS” Feb.18

Interviewed by Fareed Zakaria, Soros said he disagreed with President Obama’s decision to bail out the banks. Soros would have nationalized them. Soros also advocated for capping CEO pay, and imposing additional taxes on financial transactions and for banks based on size.

Zakaria offered praise for Obama, saying “You can look at any (issue) all by itself, but I think he’s done pretty well and in some ways hasn’t gotten the credit for it because the crisis was averted. So now the Republicans can say ‘there was no problem, we didn’t need to spend all this money.”

Video is at NewsBusters.org

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