As an investor, George Soros has a deep understanding of markets as well as human patterns of behavior. He knows how markets move and understands the political, social and cultural factors that underlie those movements. Considering that he has spent over half of his 85 years on the planet intuiting markets and human behavior, his awareness of, and his concern for, political and social movements is hardly a surprise. Combine that with his background of growing up in Nazi-occupied Hungary and it is clear that Soros is committed to backing democratic organizations that are concerned with human rights and immigration.
According to the Washington Times, Soros has contributed funding to a wide range of organizations. Some of these organizations are formal while others are self-described grass-roots organizations. During the Ferguson protest, the Times note that many activists and protesters were funded by Soros.
A close look at the Washington Times’ piece reveals that in many instances the funding was indirect. Soros contributes portions of his substantial wealth to organizations that distribute monies to smaller organizations. Some of the smaller organizations receive diluted portions of Soros financing that are combined with other donations or fundraising dollars. This is important to acknowledge because, in practice, philanthropists have little say in where their donations ultimately go. If the philanthropist does not like the outcome of their donations then they cease giving. Which is, according to Politico, exactly what Soros did after Kerry’s loss to Bush in 2004.
While activists from across the nation descended on Ferguson and while the Black Lives Matter movement gained momentum, George Soros continued giving to organizations that promote police accountability and give voice to those who are underrepresented. Ferguson was a touchstone event, one that magnified issues Soros was already attuned to and issues he hoped his generosity could help resolve. To say that Soros funded the Ferguson protests is a bit of a stretch. Soros was already deeply committed to the issues at the heart of the protests. Organizations who had long enjoyed his support, whether directly or indirectly, mobilized around the event. His contributions and the events in Ferguson were a perfect storm of factors but neither was entirely dependent on the other. Visit this site to know more at opensocietyfoundations.org.
The final assessment reveals Soros’ ability to judge human behavior and key in on world events. Whether through investing wisely in markets or investing brilliantly in the people who push forward his beliefs in equality, George Soros is capable of staying one step ahead of cultural movements and shifts. He has done so for many years, even in his later ones. Read his profile at Business Insider.