Does George Soros produce anything? What he seems to do is sow and profit from chaos.
In this, he differs from most corporations. All jobs, wealth, and production in this and most other nations comes from corporations. Government sucks up the wealth thrown off by the productive use of capital, redistributing it to bureaucratic elites, ostensibly in support of redistributing it to “the poor”, but of course no leftist really cares about the poor enough to pursue policies which actually help them.
All a corporation is is a shield that limits personal liability. As a way of limiting risk it is simultaneously a means of stimulating risk-taking, of the sort that underlies all of our economic progress. Ford started somewhere. Edison–founder of GE–started somewhere.
Thus it is the height of idiocy to simultaneously decry “corporate greed”, and rising poverty. Corporations create wealth. What creates long-term poverty is government interference in the private sector.
The obvious example, to me, is the use of minimum wage laws, which are intended to raise the living standard of the poor. What happens in reality is that you increase unemployment. Some people get poorly paid jobs; and the rest get no jobs at all, but long term endurance on the dole. This leads to frustration, and the failure to learn the skills which are necessary to be worth more than minimum wage to someone, which in turn is the only stable way to rise up in the world.
I am seeing even the Israelis–who as a very educated people one would have thought would understand the most basic economics–agitating for leftist policies.
We need to be clear: minimum wage laws are not untested ground. Rent control is not untested ground. Both have been tried, often, and around the world, and ALWAYS result, in the first case, in rising unemployment, and in the second in the rationing of housing and skyrocketing property prices, and/or in the complete decline in the value and livability of what property is available. These are the predictable outcomes of assuming that prices exist in a vacuum, separated from the rational decisions of rational people.
So much childishness: how does it persist? God only knows. I could speculate, but I won’t here.