George Soros, age 86, a self-made billionaire, expert hedge fund manager, and philanthropist recently summarized his stance on President Donald Trump. At the World Economic Forum in Davos, Switzerland, Mr. Soros has stated, for a second time, that he believes President Donald Trump to be an imposter, con man, and dictator. He is certain that President Trump will fail. Soros believes Trump’s idea of government to be the opposite of an open society; describing it as a dictatorship or mafia state.
Soros described Trump’s ideas to be “inherently self-contradictory” and emphasized that these contradictions are evident in Trump’s advisors on Forbes. He finds it impossible to predict what President Trump will do because thus far Trump has never shown any thought. Soros added that he believes Trump himself never expected to win and was more interested in promoting his brand.
In a holiday greeting to his friends, George Soros shared his opinion of the coming times stating that business would not be as usual and wished his friends all the best in a troubled world. His studies at the London School of Economics and the influence of Karl Popper led Soros to develop his philosophy. Soros believes that there are two types of political regimes on nytimes.com: one where people elect their leaders and the other where rulers manipulate their subjects to serve the desires of the ruler. He denotes the first scenario to be an open society and the second to be closed.
Soros explained that his philosophy, although simple, is useful for clarifying the distinction between societies. George Soros believes the current state of society to be closed, in crisis, and has seen a rise in mafia states that are controlled by a dictator. After the collapse of the Soviet Union, Soros explains that the US was the sole superpower committed to spreading democracy and maintaining a free market.
Globalization has been the major development in financial markets and has allowed for an overall increase of wealth on opensocietyfoundations.org. This free market economy is essential as it generates capital on its own allowing for free markets to spread regardless of taxes and regulations.
George Soros is of Hungarian descent and a Holocaust survivor. In 1947, he escaped to England from a Communist-ruled Hungary. Later, Soros immigrated to the United States. Soros supported Hillary Clinton during her presidential campaign and donated millions to pro-Clinton PAC. He was also supportive during Clinton’s 2008 campaign. Soros is one of the largest donors to liberal and Democratic causes. He has committed to donate $10 million from his personal funds to combat hate crimes. George Soros’ nonprofit group, the Open Society Foundation, also plans to spend $5 million in grants to communities and civil rights groups combating hate crimes.