George Soros, a renowned billionaire investor made his comeback in the world of funding political parties in 2016. He supported the Democrats in 2016 after a long hiatus since the last time he made huge donations in 2004 in the region of $27 million as he rooted for the removal of George W. Bush. Mr. Soros committed or donated over $25 million towards boosting the candidature of Hillary Clinton as well as other causes and candidates in the Democratic camp. It was expected that the billionaire investor would spend even more as the 2016 election approached.
Why Was Soros More Politically Engaged than Before?
People close to the billionaire stated that he was so much engaged in politics in 2016 than ever before due to a number of factors. The first probable factor was the fear that he had of Hillary Clinton’s opponent for the presidency, Donald Trump. Mr. Soros had stated that Mr. Trump was acting just like ISIS due to stoking fears. The Hungarian-born billionaire also had a lot of faith in Hillary Clinton clinching the presidency. George Soros established the Open Society Foundations.
Michael Vachon, the billionaire’s political adviser stated that his boss had been a consistent donor to a number of democratic causes. However, the stakes in 2016 were much higher due to the hostility that Trump and the Republicans had for things that Soros holds close to his heart. This included criminal justice reform, religious tolerance and immigration reform. Soros involvement in Hillary Clinton’s campaigns was seen as a massive boost to her chances of clinching the presidency while also acting as a catalyst to more rich activists funding her campaigns.
George Soros addressed the issue of the threat posed by a capitalist on the society. Mr. Soros believes that the spread of market and laissez-faire capitalism values in all aspects of life poses a huge threat on both the democratic and open society. He opined that the open society is more at threat from the capitalist threat rather than the communist. In his quest to find out the reason why nobody had gotten access to the definitive truth, he realized that the answer was pretty much straight forward. People live in the same world that they try so hard to understand and their perceptions are influenced by the events they take part in. Soros believes that if the thoughts of people would belong to a single universe and their corresponding subject matter to another one altogether, then maybe the truth could be within grasp. These conditions only prevail in natural science as in other parts of human effort; this relationship between facts and statements is usually less clear-cut. Read this story at Politico.com about George Soros.
Soros believes that there is a feedback mechanism that features a two-way connection i.e events and thinking. Soros refers this to as reflexivity, which he used to come up with a history theory. This theory has proven helpful to him especially in the financial markets.