"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't underestimate the value of that, but they're not designed to take care of social needs"
About this Quote
The subtext is an argument against the lazy belief that aggregate self-interest automatically becomes social good. Soros is pointing at a design feature, not a glitch. Profit is a powerful signal, but it only lights up where someone can pay. Social needs (clean air, stable democracies, public health, dignified work) often lack a buyer with enough money, a clear price, or a short time horizon. So the market "works" while the society frays, and the result can still be an efficient catastrophe.
Context matters: Soros made his fortune by navigating and exploiting market dynamics; he also became a prominent funder of liberal civil society projects. That biography sharpens the intent. He isn't confessing guilt so much as issuing a systems diagnosis: if you want markets to serve ends they weren't built for, you need institutions that do have that job description - regulation, taxation, public investment, and norms that treat social cohesion as more than an externality. The line reads as both defense and warning: celebrate the machine, but stop asking it to be a moral philosophy.
Quote Details
| Topic | Justice |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Soros, George. (2026, February 16). Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't underestimate the value of that, but they're not designed to take care of social needs. FixQuotes. https://fixquotes.com/quotes/markets-are-designed-to-allow-individuals-to-look-54502/
Chicago Style
Soros, George. "Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't underestimate the value of that, but they're not designed to take care of social needs." FixQuotes. February 16, 2026. https://fixquotes.com/quotes/markets-are-designed-to-allow-individuals-to-look-54502/.
MLA Style (9th ed.)
"Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't underestimate the value of that, but they're not designed to take care of social needs." FixQuotes, 16 Feb. 2026, https://fixquotes.com/quotes/markets-are-designed-to-allow-individuals-to-look-54502/. Accessed 19 Feb. 2026.





