Soros to Fund Anti-Free Market Institute At Oxford

The London Times reports:

George Soros is to create a new economics institute at Oxford University.

It is part of an attempt to steer the discipline away from the champions of the free market and deregulation who, the billionaire financier believes, share the blame for the global economic crisis.

The institute, as yet unnamed, is being funded by the New York-based Institute for New Economic Thinking (Inet), a think-tank and educational and grant-giving organisation founded last October with a $50 million pledge from Mr Soros to stimulate debate about the role of government regulation in the economy and financial markets.

With regulated markets and less competition Soros can take advantage of less competition. Thanks George!