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.
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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.
George Soros is a name that has been echoing across countries as a man who has pioneered various political movements across the world. A hedge fund investor by profession, George has made quite an impact on the world of politics through this great involvement with political parties to try and shape the course of governments and justice in countries. When George was a young boy, he grew up in a part of Hungary that was under the rule of the Nazi’s which caused quite a problem for George’s family considering they were all practicing Jews at the time. It wasn’t long before George began to realize the repercussions of the political turmoil that was happening around him and all the political unrest that his country was facing. This was one of the main defining factors that led George on the path to helping people all over the world fight for justice.
Through his life, George has always tried his best to mitigate corrupt parties and prevent them from coming into power. George was also a large investor for the Democratic Party in 2004 when he was against President Bush and the Republican party’s ways. He invested almost $26M into the party for its presidential campaign and all the organizations they support. However, when those efforts turned out to be unfruitful, George decided to back away from the American Political scene and focus on his organizations and foundations which he built to help people.
In 2016, George Soros started an organization towards the aid of refugees and individuals coming from war-torn countries. The organization invested into these refugees business, especially the ones who were seeking exile in other European countries. The group benefited many refugee lives and helped them rebuild their careers and help their families out in this time of need.
George has been mentioned on the Forbes top lists for numerous years now; with the most recent one being him featured on the richest hedge fund investors lists. When George’s family has moved out of Hungary, to go to London, George enrolled in the London School of Economics, where he lay his foundations for what he would need when he would set up his company. When George came to New York, he began working on Wall Street where he invested in his first hedge fund which set him on the road to success.
In spite of deciding to stay away from the American Political Scene, George decided to re-enter and re-invest into the Democratic Party due to his allegiance to Hillary Clinton and his tremendous faith in her to lead the country in a preferable direction. Last year, George donated over $25M towards the Democratic Party and the numerous organizations they support. Read this story at Politico.com about George Soros.
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Anyone who was keen enough during the period preceding the 2016 United States Presidential election would have noticed the ongoing concern about the huge amounts of money that went into supporting various candidates. This has been the trend since 2010 thanks to the Supreme Court’s decision in the End Citizens case. More black money cartels such as the Koch Brothers and other individual and corporation billionaires have flooded the United States politics with money which is interfering with the voice of the Americans. These billionaires are leading to the election of their own people who will support their personal agendas as opposed to representing the interest of the common American.
In March 2015, a few more concerned people among them Jessica Vanden Berg, Christopher Massicotte, Lanae Erickson and Ron Barber came up with a Political Action Committee (PAC) called End Citizens United. These four form the board of directors of End Citizens United and thus work with their staff to make most of the major decisions in the organization. The aim of this PAC is to create a campaign finance reform that will control the amount of funds channeled into campaigns. The founders realized that the only way to achieve this reform is supporting House and Senate leaders who will push for it once they are elected. These are mainly Democratic candidates since most Republicans in Congress oppose the reverse of the End Citizens decision.
During the month of August, 2015, End Citizens United endorsed 11 Democratic candidates among them Sen. Michael Bennet of Colorado and Sen. Russ Feingold of Wisconsin. In their support for these candidates in the 2016 elections, End Citizens United funded their television adverts, polling and direct mailers. One could wonder how an organization that had been only operation for one and a half years managed to pull this off. The organization has many grass root supporters; people who would want the US elections reformed. These supporters fund the organization. By the time of its official launch in August 2015, it had managed to raise over $2 million. It anticipated to raise up to $30 million by the 2016 election. By then the group had received about 136,000 donations.
End Citizens United also seeks to use grassroots membership to show political power on this issue. They have developed a petition that demands congress to pass reforms on the End Citizens United decision. Over 325,000 people had signed the petition during the official launch. Also, more were going to sign before the elections especially given the collaboration of End Citizens United and “Ready for Hillary”. The reforms will restore the long gone accountability, transparency and sanity surrounding money in US politics. The actions of the End Citizens United show that through unity, Americans can bring about the change that reflects their common interest and reduce influence of a few billionaires.