NEW YORK: In The Philosophy of History, Hegel discerned a disturbing historical pattern -- the crack and fall of civilizations owing to a morbid intensification of their own first principles. I have made a fortune in the world financial markets, and yet I now fear that untrammeled intensification of laissez-faire capitalism and the spread of market values into all areas of life is endangering the future of our open and democratic society. The main enemy of the open society is no longer the communist but the capitalist threat.
NEW YORK: In The Philosophy of History, Hegel discerned a disturbing historical pattern -- the crack and fall of civilizations owing to a morbid intensification of their own first principles. I have made a fortune in the world financial markets, and yet I now fear that untrammeled intensification of laissez-faire capitalism and the spread of market values into all areas of life is endangering the future of our open and democratic society. The main enemy of the open society is no longer the communist but the capitalist threat.