1) I agree that the world does need order. Men do need to be governed. The question is by what? We used to be governed by the 10 commandments and the golden rule. That has been thrown out and something is filling the void.
2) The market can correct it's excesses if the government does not interfere. What corrects government excesses? (we know the answer to that don't we)
Spot on. It’s like the old joke, “We’ve already figured out what we are, now we’re just haggling over the details.”
His claim regarding the markets is breathtakingly false and constitutes nothing but blatant propaganda. I don't think there is an economist in the world who would agree with his statement. Markets do correct themselves. The question is, at what social cost? One can honestly argue, "What is good about the markets' self-correcting mechanism if it entails 12% unemployment, say? Too much suffering." But observe this is NOT what Soros says, although he clearly knows what the actual issue is. This is the first instance were I can see him engaging in an open fraud.
As for self-correction abilities, I would say that the market can adjust even to government failures. It is doing so as we speak. Ever since 1998, the Community Reinvestment Act put a continually increasing upward pressure on housing prices (by demanding that bad loans be issued and purchased by Freddie and Fannie). This is what created the housing bubble. When the bubble reached unsustainable levels, prices reversed the course. The market has adjusted and continues to correct for that social-enginnerigng failure of the government. The social cost, of course, if very high.
But that's what the fascists do: not only do they deflect public's anger from the government as the source of the crises but directed at the heart of capitalism --- the markets and especially financial markets. They are succeding even among the conservatives, who blame Wall Street, the Fed, CEOs for government's sins.
I loved the last point you've made. It's worth repeating: What corrects government excesses? (we know the answer to that don't we)
I believe it's the culture -- values held by the public. I am often brought back to Samuel Adams' words, to wit: "This Constitution was created for a profoundly moral people. It is absolutely incapable of governing any other."
What matters here is not a philosophical opinion, of course. What matters is that, in the current climate of mass histeria, the Left has succeded in focusing the public's attention on the supposed deficiencies of the markets and enables the governmnet openly dismanle capitalism.
>>We used to be governed by the 10 commandments and the golden rule. That has been thrown out ....<<
For you perhaps but my wife and I still choose to live by the 10 commandments.