The attraction for intelligent young people is obvious. Youth who are processed through the INET program are fed with dreams of overthrowing the soul-less, collapsing neoliberal order with a new system based upon creativity, freedom and empathy. This initiative features thousands of talented young economists under the influence of INET who are radicalized to take on the mission of reforming the world economic order under the mentorship of an enlightened old guard of hedge fund managers and technocrats. Soros and his INET co-controllers like Lord Adair Turner and Rob Johnson believe that phase one is in the bag and that we are now in phase two which will be driven by INET programs like the Young Scholars Initiative. While these assumptions may appear contradictory, as I explained in my previous paper, this contradiction only exists as long as you don’t think that Soros is not a liar. Phase two promised to cultivate a global field of alternative theories that will offer solutions to the obsolete paradigm but which adhere to Soros’ key assumptions of 1) the non-existence of truthfulness, 2) the absolute enslavement of reason to irrational passions, and 3) the need for economists to strive for certainty and equilibrium. Soros states both presumptions are not only wrong but are the very reasons why periodic economic crises occur. In its first phase, INET aimed to prove that the neoliberal economic paradigm is wrong because it presumes the existence of rational actors and truthful ideas. In 2008, Soros teamed up with a group of upper level management oligarchs in order to put these theories into action in a three-phase plan led by his Institute for New Economic Thinking (INET).
This is essentially the kernel of Soros’ “theory of reflexivity”. While the founders of the field of quantum like Max Planck or Einstein saw no need to reject the belief in truth, reason or reality, the Copenhagen school felt that the “uncertainty principle” and “wave-particle duality” proved that there was no causality, no basic reality and that everything is just random and uncertain in its essence. This phenomenon finds a parallel in the world of economics, where the act of thinking (and acting upon thoughts) changes both the economic systems itself as well as the thoughts and identities of those people operating within the “objective” system in question. In quantum mechanics, the act of observing a photon or electron changes that which is observed (since the photon striking the “observed object” and reflecting back to the eye of the observer affects that which is being observed). His economic theories are encapsulated in his General Theory of Reflexivity and is essentially a logical extension of Copenhagen interpretation of quantum mechanics onto human self-organization. You see, George Soros considers himself quite the philosopher and believes that through the tutelage of Karl Popper at the London School of Economics in the 1950s, he developed certain fundamental principles of economics. I recently wrote a lengthy analysis of lesser-known side to George Soros that I believe people who are serious about geopolitical topics should pay closer attention to if they wish to avoid falling prey to some very dangerous ideological traps being set in our path as we transition into a new world economic system. Will Entropy Define the New World Paradigm?
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