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George Soros and the Open Society Foundations Issue Alarming Opinion on Capitalism

When it comes to establishing helpful organizations that are geared towards humanity across the world, George Soros is a leading figure. Soros has an inborn leadership personality that generated from his past life as a child. Born in 1930, he understands the difficulties of living in war zoned areas. As a globalist, Soros sewed helpful seeds to assist future societies.

Background

Probably, Soros is fondly remembered for his numerous talents as a philanthropist, business magnate, author as well as investor. The Hungarian-American is by far considered a successful investor by many people across the world. In May 2017, Soros’ worth was approximately $25.2 billion. This is a clear indication of his input in the world of business. He is among the top 30 richest investors in the world.

Early Life

Soros was born in the Nazi regime. He was a survivor who relocated to England after war. The alumnus of London School of Economics majored in philosophy. As a master’s graduate, Soros picked multiple skills to advance his career. Initially, he worked at merchant banks. He later joined first hedge fund and Double Eagle. With the profits he generated from first funds, he established Soros Fund management. This was the second hedge fund. In the same year, Double Eagle had a change of names to Quantum Fund. This was one of his hugest success stories in that year.

Growth

During the launch of Quantum Fund, the company had managed assets worth $12 million. In 2011, the amount of assets under management was approximately $ 25 billion. Most of the assets were under Soros’ management system. Prominently known as the ”The Man Who Broke the Bank of England”, Soros continues to make history through his contribution in the society. In 1992, he made a profit of approximately $ 1 billion.

Mechanism

As a scholar, Soros was inspired by Karl Popper’s philosophy. The philosophy has an inclination to capital markets. That is how Soros established the Open Society Foundations. The Open Society Foundations is an organization that links most firms that are inclined towards supporting humanity. Open Society Foundation supports organizations that are focused on fighting for freedom of expression, education, transparency, democracy and cultural differences in addition to accountable governments.

Capitalism

In history and Hegel’s philosophy, there is a discerning disturbing historical pattern that cracks the introduction of civilization when it comes to the intensification of modern principals. Soros states that even though he has made massive fortune from capitalism, he is worried of it effects in most famous financial markets. This is because capitalism could be endangering to most parts of the world. It is, therefore, important to associate the main issue with a capitalist and not a communist. Soros is convinced that capitalism is a threat to the society as many individuals will be locked out of opportunities.