George Soros: Politics and the Economy

spcblog, 11 August 2017, No comments
Categories: Business Leader, People, Politics

George Soros is an 85 year old, Hungarian-born, self-made billionaire. Born in Budapest, he survived both Nazi occupation as well as communist-rule in Hungary during the 1940s. He moved to London where he earned his degree in economics after which he moved to New York City in 1956 and began a career in finance. He is also a philanthropist and has donated $7 billion dollars, as of 2012, through his “Open Society Foundations.”

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He is known as the leading funder in democratic politics. He has funded over $25 million dollars towards the Hilary Clinton and other democratic political campaigns and causes. He has known Hilary Clinton personally for over 25 years, and had wanted to be present when she accepted the democratic presidential nomination, but was unable to do so due to having to monitor Europe’s economic situation. George Soros returned to the political arena motivated by his faith in Clinton as well as his concern for some issues he is feels passionately for, such as immigration and criminal justice reform and religious tolerance. Read this story about George at

George Soros is a believer of the “open society” because it is more advanced than a “closed society”. After-all, George Soros had survived both Nazi and Communism occupation in his home country. After the collapse of Communism the open society became a new concept. The foundations he had created were doing a lot to make others believe in the open society as well. Laissez-faire capitalism states that common-good is best when allowing individuals the pursuit of self-interest. However, it should be tempered with common interest, as an open society, or it will not last. Laissez-faire Capitalism and totalitarian can only be a threat to open society if we let it. Right now our marketplace is a truly global one, and the only way to keep it that way is with an open society. Read more at The New York Times about George.


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