George Soros and the Open Society

George Soros is a Hungarian American tycoon who was born in the pro-Nazi Hungary in the year 1930. He later escaped to London in 1947 to pursue an education in the London School of Economics, where he graduated with a Masters’ Degree in Philosophy. He started out working in Merchant Banks before starting his own Hedge Fund in 1969. Today, Soros is one of the richest men in the world, with an estimated net worth of $25 billion dollars as of May 2017. He is considered as the world’s most successful investor and recognized as a savvy business man. Learn more about his profile at

Besides his exploits in the world of business, Mr. Soros is also widely for his strong stand against authoritarianism and such schools of thought. His philosophy is predicated upon this position and is the basis for his philanthropic efforts over the years. In 1984, Mr. Soros founded the Open Society Foundation, which worked by providing printing machinery to institutions in his homeland of Hungary to enable the distribution of material that had been banned by the regime. He has, through this foundation, made significant efforts to influence the political discourse of many countries since the end of the Cold War in the late 1980’s. However, as the Politico reports, there seems to have been a paradigm shift in recent times, which is a direct contradiction of the magnate’s school of thought. His liberal view of politics has been brought under scrutiny in a period when political rhetoric seems to have taken a more nationalistic direction. With the election of President Donald Trump, his efforts at influencing the growth of a liberal sentiment have come under increasing threat. He is also facing open resistance from his home country, whose leadership views him as a destabilizing factor.

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In 1997, George Soros published a widely publicized article in The Atlantic, in which he argued that the greatest threat to capitalism was capitalism itself. In the article, George Soros explained the process through which the Open Society Foundation was founded, its aims and goals and its workings in different regions of the world. He explained that his primary desire was to facilitate the creation of a universal open society, where communism would be utterly defeated, and people would be presented with a world of options to choose from. The article particularly decries the supposed monopoly of knowledge predicated in authoritarian, totalitarian and communist societies and posits that the open society is the best system of governance since the masses have the option and voice. However, Mr. Soros goes on to assert that the current threat to the open society is no longer communism, but rather the increased individualism that arises as a result of the realization of capitalism. This creates a society where people are detached from one another, and care almost solely about their wellbeing. Read this article at Washington Times.