Ruminations of a Taco-Obsessed Philly Native

Recently, George Soros re-emerged as a leading supporter of democratic politics after having scaled back his political donations for a long period. Soros cut back his political contributions after spending $27 million in a bid to defeat President George W. Bush in 2004. He committed over $25 million in support of Hillary Clinton along with other Democratic candidates. Some of Soros’ associates noted that they expected his contributions to increase as Election Day neared. George Soros amassed a fortune of $24.9 billion by engaging in risky currency trades. Read more at Washington Times.

The Hungarian-born investor had planned to attend his first Democratic Convention to watch Hillary Clinton accept the Democratic presidential nomination. However, one of his associates said that he cancelled the trip. After making a comeback to active trading, Soros felt that he needed to monitor Europe’s economic situation. Nonetheless, individuals close to him noted that he seemed to be more interested in politics than in the past. According to his associates, George Soros engaged in politics owing to his faith in Clinton, whom he has known for 25 years, and the fear of Donald Trump. His political advisor Michael Vachon noted that he has been a consistent contributor to Democratic causes. However last election’s political stakes were remarkably high. Vachon added that in the last election, the political stakes were high. This is because of the hostilities fronted by each side towards a number of issues and causes that Soros cares most about and has supported for many years. They include religious tolerance, immigration reform, and criminal justice.

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Soros has made a great fortune in the financial markets. However, he fears that the unrestricted intensification of laissez-faire capitalism and the extension of market values into all aspects of life is endangering people’s open and democratic societies. According to Soros, the primary enemy of open society is not the communist but the capitalist threat. The term Open Society was invented by Henri Bergson. Karl Popper advanced the idea in his book, “The Open Society and Its Enemies,” which was published in 1945. The Austrian philosopher explained that totalitarian ideologies such as Nazism and communism have a common element. They are both in possession of the ultimate truth. However, since the ultimate truth is beyond humankind’s reach, the proponents of these ideologies have to choose oppression in order to impose their vision on society. Popper offered a different view of the society that recognizes that no one has a monopoly of the truth. According to popper, people have different interests and views. To this end, there is need for institutions to facilitate these views for people to live together in peace. Institutions guarantee the freedom of choice and protect the rights of citizens. Popper referred to this form of social organization as the Open Society.

Soros studied Popper’s book and delved further into his philosophy. After making more money than he needed, Soros decided to establish his own foundation. Having lived through the communist oppression and Nazi persecution, he understands what the effects of repression. To this end, he called his organization the Open Society Foundation. Through the foundation, George supported Czechoslovakia’ Charter movement in 1980. Know more on cnbc.com about George Soros.

The last time George Soros went on a spending spree on political causes was back in 2004 when he tried to defeat President George W. Bush. The billionaire investor went on record for spending a staggering $27 million to support the then presidential candidate John Kerry. George Soros has re-emerged as one of the top bankrollers of Democratic politics and the conservatives.

During the recently concluded U.S Presidential elections, Soros donated more than $25 million. His donation was in a bid to boost Hillary Clinton’s candidature and other Democratic candidates as well as their political causes according to records from the Federal Election Commission and info from his close associates and the Democratic fundraising operatives. The 85-year old George Soros amassed his fortune of close to $24.9 billion through risky currency trading. George Soros was born in Hungary and currently resides in New York. George Soros has had a 25-year relationship with Hillary Clinton. Read more about George at The New York Times.

Although George Soros was unable to turn up to the Democratic convention since he had resumed active trading, his close associates noted that Soros seems to be politically engaged than he has been for years now. They say that his return to politics is as a result of the faith that he had for Hillary Clinton’s candidature and the fear for Donald Trump’s candidature. Soros has continuously accused Donald of doing the work of ISIS by instilling fears in an article published on politico.com.

In December 2014, more than 10,000 protesters marched through the Pennsylvania Avenue headed towards Capitol Hill in Washington DC during the Justice for all March. Civil rights organizations together with other demonstrators joined hands with Michael Brown and Eric Garner’s families to demand justice in an incident where the two black men died at the hands of white police officers. George Soros is said to have taken an eagle’s eye approach in funding the Ferguson activities towards the “hands up, don’t shoot the campaign.” Its primary focus was to let the world know about the death of the two black men in the hands of white police officers according to an article published in The Washington.

Since the unprecedented spending in 2004, George Soros slowed down on his political giving and instead focused his philanthropic giving on his foundations. The foundations have so far donated more than $13 billion over the last three decades to various non-profit organizations that defend human rights and contribute to shaping democratic processes in Eastern Europe and also expanding access to healthcare and education both in the U.S. and across the globe. George Soros played a significant role in 2005 during the launching of a secretive club of the large liberal donors that is now known as Democracy Alliance. Democracy Alliance sought to fund only those groups that are concerned with building intellectual infrastructure for long-term fights out of the Democratic Party. Read this story at Politico.com about George Soros.