To: justsomedude
Please note that open society does not preclude the pursuit of self-interest; on the contrary, in the absence of perfect knowledge, it is best left to the individual to define what his interests are and it is best left to the market mechanism to reconcile those interests. But, in the absence of perfect knowledge, it cannot be left to the individual to protect the common interest. You need institutions which take precedence over the individual. These institutions are bound to be flawed but, if they belong to an open society, this fact will be recognized in their constitution and there will be a never-ending endeavor to correct the deficiencies. That is what makes open society such a subtle and sophisticated concept.
http://www.soros.org/textfiles/speeches/063095_Crans_Montana_Speech.
To: hedgetrimmer
That is what makes open society such a subtle and sophisticated concept Is this another trademark, like 'reflexivity?' If so, maybe he'll recant on that one, too.
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