George Soros, an investor billionaire and philanthropist, is known for his attempts to retain the democratic values not only in the home country, the U.S. but across the world. It was quite evidenced when he tried to stop the President Donald Trump in the Presidential election 2016 by supporting Hillary Clinton. Soros felt that the divisive speeches of Donald Trump clubbed with the lack of clarity in major policies making him not fit for the job. The environment of fear created by Trump forced Soros to call him “doing the job of ISIS.”
Due to that reason, he went on a spent spree in the election and reportedly donated more than $25 million for Hillary Clinton’s campaign. It was the first time after a decade, Soros was significantly contributing in elections – in 2004, he contributed $27 million to defeat the then President George W. Bush. Soros contributed large sums to Hillary supporting groups and PACs, and that provided a significant financial edge for her in the election against Trump. Soros donated $7 million to one of the largest Super PACs backing Clinton named Priorities USA Action. Soros also gave away $2 million to another PAC named American Bridge 21st Century that is working to resist all the Republican candidates including Trump. Read this story about George at politico.com
Immigrant Voters Win, a PAC working for increased turnout from Hispanic voters in critical swing states, received $5 million from Soros. He donated another $5 million to Voting Rights Trust, a group working to resist the conservative attempts to restrict voting. It is also revealed that Soros donated $2 million to America Votes, a voter mobilization group. Soros also contributed $1.5 million each to Planned Parenthood Votes – a PAC supports candidates who are backing abortion rights – and Senate Majority PAC – a PAC working for the victory of Democratic Senate candidates.
Read more: http://www.cnbc.com/george-soros/
While coming to his thoughts on capitalism, Soros says that it is endangering the democratic and open society largely. Though he earned billions from financial markets, Soros admits that the biggest threat to open society in today’s world is capitalism. He felt that both communism and Nazism are totalitarian concepts that do not support any free thinking and resist open societies. Due to that reason, Soros founded Open Societies in 1979 to spread the concept of open societies to make a total transformation in various societies.
Soros tried to intervene in many countries including South Africa, Czechoslovakia, Poland, Hungary, China, the Soviet Union, and more, in the initial years. He could significantly transform many of those societies and make political changes in some of them. George Soros feels that open societies can also be threatened by even excessive individualism or capitalism. He says that too much competition added with very little cooperation can create inequities and instability in the society. Read more at The New York Times about George.