George Soros, a highly-successful hedge fund manager and billionaire, is a well-known philanthropist with his Open Society Foundations are working across the globe. He is credited as a fighter for protecting the values of democracy, and for that reason, Soros donated at least $25 million to the campaign of Hillary Clinton against Donald Trump in 2016 Presidential election. The information was sourced by interviewing his associates and election commission records. It is reportedly the highest contribution from him after he spent $27 million to defeat former President George W. Bush in the Presidential election 2004. His associates confirm that Soros is more engaged with politics in the recent years as he felt Trump was “executing the job of ISIS” in creating fears. Learn more about his profile at forbes.com
Interestingly, the funds of Soros and fellow Democratic Party supporting billionaires gave a significant financial advantage for Clinton over Trump. Additionally, he donated huge amounts to various PACs that are working in favor of nurturing democracy in the country and supporting Clinton. By the end of June 2016, Soros contributed at least $7 million to Priorities USA Action, a leading super PAC that is supporting Clinton. He also gave $2 million to an opposition research PAC named American Bridge 21st Century – targeting Republican candidates including Trump. Soros also donated another $5 million to Immigrant Voters Win, a PAC working to increase the voting turnouts from Hispanic voters in the swing states. America Votes, a voter mobilization group, also got a contribution of $2 million from him. Apart from these contributions, many other PACs also benefitted from the donation spree of Soros.
George Soros is aware of the threats to democracy and open society concepts. He says that it is none other than capitalism and not communism anymore. Soros admits that though he earned billions from financial markets, capitalism is spreading to all areas of the life and threatening the democratic values and open society. He said that both communism and Nazism displayed totalitarian concept – they claim to be possessing the ultimate truth – and hence, both the concepts were short-lived, and he survived both from very close angle during his childhood. Soros thinks that open society ideas are inclusive and accepts all forms of thoughts and analysis without heading to conflicts. Learn more on Discover the Networks about George Soros.
Due to that reason, Soros founded Open Society Foundations from the early 80s. He thinks that laissez-faire capitalism is a major threat to open society with excessive individualism. It should be noted that both Nazism and communism were proponents of state power by pulling down the freedom of individual with former being extreme right, and the latter being extreme left. Since both communism and socialism have been discredited over the years, Soros thinks that laissez-faire concepts are making more threats to open societies than totalitarian ideologies in the recent years. Though capitalism does not oppose open society the way totalitarian concepts do, Soros says that all these doctrines insist that their claim is the ultimate truth.