George Soros first became known for achieving 30% returns on hedge funds investments for 30 years and earning $1 billion in profit in a single day of trading the British pound, and later he shared his strategy in a his book. He is also known for his philanthropy. That he is a liberal is evident in his Open Society Foundation who main goal is to bring about social justice. The Open Society Foundation operates in over 100 countries and allows him more political and economic insight into matters around the world. An article published by the businessinsider.com on May 20 gives readers insight into why he is targeted by the conservative right and believed, by some, to be controlling the world’s wealth and promoting the idea of a world without borders, a global order.
The article points to George Soros being a man of contradictions. Most billionaires are conservative right wingers rather than liberals. George Soros says at his website that his billions obligates him to take a stand on controversial issues. He also shares his commentaries on the economic and political landscape of the world through his essays. The writer of the article, Veronika Bondarenko explores and debunks some of the right-wing conspiracy theories, such as Soros being allied with the world’s elite to bring down the global currency. His many essays discussing how best to strengthen the world’s economy are wasted on those conspiracy theorist.
True accusations sited in the article include Soros using his power and money to influence politics. George Soros openly supports migrants, refugees and criminal justice reform. The Open Society Foundation website states that more than $1.6 billion has been spent on democratic development in Eastern Europe, which also can explain why many European governments share anti-Soros sentiment. The Open Society Foundation also spent more than $1.5 billion on democratic reforms including immigration, democratic governance and criminal justice in the US. Read his profile at Business Insider.
Being born in Nazi occupied Hungary in 1930 and educated in England in 1947 gives George Soros a unique perspective to view the world. Being ever vigilant in addressing economic and political issues that are of world concern is a role he assumes. Being a target of those with opposing views goes along with the territory.