In accepting a “Globalist of the Year” award from the Canadian International Council Monday night, George Soros reportedly declared:
“The world order as we know it is turning into disorder. The Washington consensus is finished. Disappeared.
“I have to say that today China has a more, not only a more vigorous economy, but actually a better functioning government than the United States.”
Reviewing his own words, he suggested, “Saying that is a shocking thing.”
No. Saying these things in Toronto and in other financial centers is trite, not shocking.
However, for George Soros—whose global market ideas have flourished for the last two decades and made him a fortune, as well—they are peevish and overwrought.
World trade, the developed and emerging economies are all growing again. The G-20, for the fourth time since the Great Recession, has re-committed 80% of global economic activity to open markets and private sector economic growth—the so-called Washington consensus. Divisions amongst small-d democrats in Washington entertain Asians when they wake and Europeans when they dine at night. On the other hand, China’s leaders insist that no democrats of note even live in China and complain that they can’t allow their currency to float without precipitating intolerable social unrest.
Sure. It’s been a bad month for big-d democrats, but the United States and Western civilization is still on its feet and in the ring.