George Soros wants to rein in the leftist genie of expansive regulation.

Look, I’m not advocating extensive regulations because regulations are also imperfect, not only markets. But regulators are even more imperfect than markets because they are bureaucratic and what is worse — they are subject to political pressures. You see, it’s unfortunate the way things have worked out. That in fact, this pressure for regulation is driven by anger. It should not be. It should be something much calmer and more rational.

I would like to see the public interest prevail because we do need regulation, but they don’t need to be punitive because that would hurt us in the long term.

It also takes longer to correct regulatory excesses even when their negative effects are seen.