Four differences between George Soros & Elon Musk

1. Ruthless business vs Love of humanity

George Soros: “I am basically there to make money. I cannot and do not look at the social consequences of what I do.”

Elon Musk: “I love humanity. I think we should fight for a good future for humanity.”

Also Elon Musk: “If you say philanthropy is love of humanity, [my companies] are philanthropy.”

2. Money as an end vs Money as a mean

George Soros: “I am basically there to make money.”

Elon Musk: “The thing we call money is just an information system for labor allocation. What actually matters is making goods and providing services.”

3. Fiddling with regulations vs Playing fair & improving the rules

George Soros operates his hedge funds offshore.
Journalist: “So in some ways it's to escape regulation?”
George Soros: “Yeah, that's right.”

Elon on his part voluntarily sold Tesla stock in 2021, although he didn't have to in order to pay (a record amount) of income tax. Elon refuses to use tax loopholes. He also got involved in a presidential campaign to improve regulations for all citizens instead of trying to avoid bad regulation.

4. Cynicism vs Morality

George Soros on helping Nazis to take away Jewish property: “If I weren't there, of course I [wouldn't be] doing it, but somebody else would be taking it away anyhow. In other words, whether I was there or not, I was only a spectator.”

And George Soros on business: “I don't feel guilty because I'm engaged in an amoral activity which is not meant to have anything to do with guilt.”

Elon Musk: “I want to be useful. I want to be able to look back and say that my actions had a good effect on the world.”

Also Elon Musk: “I have a huge respect for anyone who puts in an honest day's work, contributing to society. That's what matters.”

All of George Soros' quotes can be found in the video below.

Elon Musk’s critique of the U.S. Federal Reserve has sparked a significant debate on the future of central banking. Musk argues that the Fed’s bureaucratic structure, marked by inefficiencies and a lack of real-world understanding, is hindering the economy at a time when agility and innovation are crucial. His proposal for a streamlined, tech-driven Federal Reserve—powered by AI and real-time data—suggests a radical departure from traditional practices, aiming to enhance decision-making speed and accuracy. While proponents see this as a necessary evolution in response to modern economic challenges, critics warn against simplifying the complexities of monetary policy. As global financial systems face unprecedented changes, Musk’s challenge to the Fed raises key questions about the balance between innovation and caution in shaping the future of central banking.
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