George Soros first started the Open Society Foundations in 1979. After a few years on Wall Street, he had become extremely wealthy. At that point, he knew that he wanted to use his wealth to give back to the world. He started out by supporting black students in South Africa. When he came to the realization that apartheid in South Africa was just so strong and he could not beat it alone, he moved on to Hungary, where he supported anti communist groups. After the collapse of the Soviet Union, George Soros shifted his efforts to attempts to rebuild former communist countries. He did a lot so that democracy would come to those countries.
Recently, George Soros escalated his donations by donating 18 billion dollars to the Open Society Foundations, according to The Atlantic. However, the problem is that people are actually demonizing him for it. These are the kind of negative people you would not want to associate with, but they are making a lot of noise. They are accusing him of all sorts of things, and they are saying that he is causing a lot of bad things to happen. They are coming up with conspiracy theories. It is not new. People on fringes of society have always been demonizing philanthropists. When philanthropists step up their efforts and do more good in the world, those people on the fringe of society will continue to demonize them more and more. A lot of these people are playing into antisemitic stereotypes.
A lot of it has to do with the polarization in our society. People on the right and on the left are becoming very suspicious of each other. A lot of people on the right do not like the fact that George Soros is donating money to causes that promote democracy and freedom. There is no good reason why they are unhappy about it, except that they tend to look at the world through partisan eyes.
George Soros strongly believes that the world will become a better place when we start caring about others. Until then, we may stay stuck in the past. This is why George Soros believes, as he writes in The Capitalist Threat, that the free market can have a disadvantage as a sort of side effect. The free market in the capitalist system gives everyone the opportunity to strive for success. That is all good, but we can not let ourselves stay focused only on our own success and our own self interests. The fact is that the common growth is not helped when everyone is selfish and is focused on making themselves rich and not on helping others. If everyone is only focused on self interest, they will not help others. That is why George Soros decided to give up so much of his wealth to charity. The fact is that his recent donation encompassed eighty percent of his wealth. That is a pretty big deal.
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