George Soros sees the crisis, democracy going to face in the near future in the wake of recent U.S. Presidential election results. He confirms that protecting democracy is extremely important to avoid vested interests ruling the country. The recent developments make him believe that dictatorship and suppression of democracy are imminent across the world. He says that each of these developments is making hard hitting wounds on democracy and the concept of an open world.
George Soros is an American business magnate, investor, political activist, philanthropist and Chairman of Soros Fund Management, an investment management firm. Apart from a successful investor, he is well-known in his bold opinion about various causes and social issues. George Soros publicly condemned the hate crimes reported from the U.S. Presidential Election Day. He declared that he would donate $10 million to fight against such hate crimes. “We must do something against what is happening here,” He said. “The dark forces woke up by the election.”
George Soros’ Open Society Foundations, a non-profit group, has decided to spend at least $5 million in coming weeks to mobilize the civil rights groups and community organizations to initiate action plan against hate crimes and to help the victims. The group on Investopedia is also planning to set up a mechanism that can track the number of hate crimes reported in the country as there is an increase of 67 percent hate crimes comparing with last year. It should be noted that there were almost 700 cases of harassment and hate crimes from Election Day to the Friday of the week.
Anyone who knows Soros personally would always appreciate his stand against hate crimes. In fact, George Soros was a victim of hate crimes during the Holocaust, as a Hungarian Jew, he was escaping to U.S. during the World War II. He declares that he was influenced by the thoughts of philosopher Karl Popper, and developed his own philosophy. He believes that there are two types of political regimes and former one looks to take care of the interests of the electorate, while later does manipulation of subjects to serve their interests. The later one damages the values of democracy and create a closed political regime and ultimately dictatorship on opensocietyfoundations.org. He said that Donald Trump is representing that group that is exactly opposite to open society and hence he wants to see Trump failing.
Soros further points out that today the open societies are in a crisis. He says that the elected governments failed to deliver the voters’ expectations and that led to the rise of fascists and mafias. The globalization on Forbes has been benefited few and majority of the citizen are disadvantaged of it without getting the benefits. Most of the people believe that the influential groups stole the democracy.
George Soros is known worldwide for his writings in political and social themes. He was born and raised in Budapest, Hungary, in the era of rebellion. Soros decided to flee Hungary to the United Kingdom in search of better opportunity and a place to nurture his talents.
Soros is the man behind great investments and foundations across the world. Having attended the prestigious London school of Economics, he has an excellent understanding of administration, economy, and finance. 1952, Soros ventured into in investment banking.
In the subsequent years, Soros established several bank investments in the US, and he relocated to New York. Here, his career kicked off. He established relations with prestigious firms namely: Wertheim and Co, Arnhold and S. Bleichroeder, and F. M. Mayer.in New York, Mr. Soros made a career and found fulfillment.
In the mid-1970s, with his vast knowledge and years of experience, he decided to build his business empire. He established Soros Hedge Fund Management. The firm under the leadership of George earned him lots of revenue. With funds from investors who trusted him, Soros made a billion in dollars in more than two twenty years. Soros made a cash hypothesis on the British pound in 1992 earning him $1 billion in a day.
Soros is not only one of the best investment bankers in the world but also a human rights activist. He takes advantage of his extensive links to advocate for social and political change. He has taken upon himself to set up societies to function and encourage people to be critical thinkers. The open societies Foundations are spread in over a hundred states across the continents.
Through the Foundations, Soros advocates for the universal message of peace, truth, accountability and transparency. The foundations operate on a regional level. Mr. Soros gives thousands of scholarships to needy students across the world. He believes education brings about ideological change.
Recently, George Soros condemned Republican presidential candidate Donald Trump and his compatriot Ted Cruz for invoking terror. According to George, terror groups such as ISIS have been cornered. They are currently operating on the run and will eventually collapse. Soros maintains that such groups have been weakened as evidenced by their declining influence in the Middle East. Click here for more information.
Soros has also voiced concerns over ongoing international conflicts and refugee crisis. He has had issues with various publications on the same. Soros has faulted inter-governmental organizations such as United Nations for failure to work in the line of their formation. He advises and advocates for the creation of practical long-term solutions and strategies to manage the crisis in Ukraine, Syria and Russia.
Other vices that Soros condemns include the increasing oppression of refugees that seek help in other countries and continents. Soros has earned respect and admiration from many people such as Kofi Annan and Bono, the musician. George Soros believes that much can be done to change the undesirable human behaviors through education and free thinking.