In a recent interview with Newsweek, George Soros has said that he foresees “riots on the streets [in the USA] that will lead to a brutal clampdown that will dramatically curtail civil liberties.”
This is not good news for US citizens, or business. People who are rioting do not make good customers, or employees. And sales may increase for companies in the ‘personal security’ industry, a climate of civil unrest is likely to make things even worse for the rest of the economy.
As a man who escaped first Nazis and then communists in his native Hungary, and then went on to make $1bn in a single day from the collapse of the ERM, his opinion surely deserves to be listened to. Continue reading