The Positive Political and Social Impact of George Soros

George Soros is a Hungarian-born American philanthropist, investor, and businessman. He was born in Budapest in 1930, but during his childhood, the family relocated to London. He has proven superiority as a hedge fund manager, with extensive success at Quantum Fund, and his startup, Soros Fund Management.

In London, he put himself through university working as a waiter and as a night railway porter. He graduated from the LSE with a bachelor’s degree, and a Master’s in Philosophy.

During his course at LSE, he was introduced to the idea of open societies through Karl Popper’s book, “The Open Society and Its Enemies.”

According to George Soros, an open society is one whose moral codes and norms are based on principles that aim to improve the human welfare and the quality of life. It is characterized by accountability, democracy, and transparency, which makes it a utopian kind of society because these principles are considered to be universal.

After completing his education, George Soros began his career working at several brokerage firms and merchant banks such as Singer and Friedlander in London. This gave him proficiency in international stock arbitrage.

He relocated to New York in 1952 and became a stock broker on Wall Street. George Soros started his career in hedge fund management when he incepted Double Eagle; his first hedge fund. The fund was later renamed to Quantum Fund.

Owing to the success and profits from Double Eagle, he began a second fund, named Soros Fund Management in 1970. Visit bigthink.com to know more about George Soros.

He views himself as a divinely mandated missionary with a responsibility to change the institutions of the world into better systems. To this effect, George Soros is an active philanthropist committed to several political and social change ventures across the globe.

He has donated over $11 billion between 1979 and 2011 to various causes. George Soros is the founder of Open Society Foundations, an entity that supports human rights and democracy in various states. The Foundation is active worldwide in over 70 countries. Learn more about his profile at Forbes.com.

Through the foundation, he offers donations to American Liberal and Progressive political ideals and causes. He is a prominent supporter of refugees and left-wing groups and causes.

He has also been able to provide scholarships for black students during the South African apartheid.

George Soros was primarily involved in Eastern Europe’s peaceful move from communism to capitalism. He funded several cultural exchanges between Western and Eastern Europe in the 1980s. These exchanges played a major role in the process because it helped the Soviet bloc to open itself to the capitalist world.

He has also been part of raising political support and funding for the campaigns of notable individuals such as Bill and Hillary Clinton, Barrack Obama, and Joe Biden. He has also made contributions to the Democratic National Committee Services Corporation and the Democratic Congressional Campaign Committee.

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