George Soros - The Living History of the Last 30 years

The transcript critiques economic theory's reliance on physics-like models, highlighting the failure of rational expectations and efficient market hypotheses, especially post-2008 crash. It introduces reflexivity, emphasizing the role of thinking participants in economic phenomena, which adds unpredictability. The super bubble hypothesis traces financial crises from 1980 to 2008, driven by credit and market fundamentalism. The need for historical context in understanding financial markets is stressed, alongside a call to rethink economics and regulation, acknowledging inherent imperfections and the necessity for improvement.

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