Crosses For Losses

George Soros Explains the Theory Behind Open Societies

George Soros is known all over the world for his success as an investor and businessman. He is widely consulted for his advice on International markets and analyzing foreign currency trends. As the president of Soros Fund Management, George Soros is listed as the richest hedge fund manager in America. His ability to make a fortune off of investing in the right international market at the right time is unmatched by almost anyone. Educated at the London School of Economics, Soros has a claim as perhaps one of the most successful investors in history. Because of his incredible success in his profession, Soros has amassed an unimaginable fortune worth billions. He has the resources to contribute heavily to various liberal or progressive political campaigns and super PACs. In addition, Soros is the main contributor to countless educational programs all over the world. His involvement in philanthropy is in a league of its own. At the heart of Soros’ involvement in causes that defend human rights or protect the rights of immigrants in all corners of the world, is his belief that he should use his vast resources to actually make a lasting difference in the world. Soros recognizes that not everyone has the same access that he has to capital and influence, so he tries to make the most of it by funding initiatives that he thinks will serve the best interests of society in general and protect vulnerable segments of the population at the same time.
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From this sense of international obligation, Soros established the Open Society Foundations, which now can be found in more than 100 countries around the world. This network of donors, organizations and private individuals works to promote the values of open society, which means freedom from government oppression and the types of political systems that work to only benefit the very few in power. These individuals tend to be the ones with the influence to control enough resources to get themselves in power and then manage to stay there. Soros thinks that there needs to be a real balance between principles of individual liberty, as promoted by true free market capitalism, and the common good of society overall, which he says that communism can take to an undesirable extreme. According to Soros, the free market is no the device by which to protect the rights of the few. Instead, there needs to be some checks and balances against the free market so that it does not trample on the rights of the most marginalized members of society. At the very heart of capitalism, the free market does not want to be restrained, according to Soros, so there has to be some sort of intervention from the government in order to make sure that the rights of the least represented population are protected.

Read more about George’s life story at biography.com

Soros writes frequently on this topic as well as many others. He has published over a dozen books and is interviewed by major media outlets for his political and economic analyses on international issues.

Learn more about George Soros:
http://www.forbes.com/profile/george-soros/
http://www.nybooks.com/contributors/george-soros/

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