Brexit? Soros speaks

21 Jun

George Soros writing in the Guardian today:

.. there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters. A vote for Brexit would make some people very rich – but most voters considerably poorer.

He’d know. He made a billion dollars through short selling on Black Wednesday, 1992. That “bigger and more powerful” in the above refers to how much more of a casino capitalism has become in the quarter century following BW.

His words have been seized on by BBC and corporate media as a significant contribution to the Remain case. I’m undecided – after so many simplistic arguments on both sides I’ll set time aside today for this hour long Lexit movie – but, however we vote on Thursday, it’s taken for granted by one and all that currency speculators are an inevitable fact of life. Not so. They’re an inevitable feature of advanced capitalism is all.


Leave a Reply

Your email address will not be published. Required fields are marked *