The Origin Of George Soros Philanthropic Work And His How He Views The Current Global Economic Environment

George Soros’ first notable philanthropic work came in 1979 when he engaged in funding young African leaders in South Africa. He issued these leaders with scholarships so that they could study abroad and increase their understanding of democracy. George Soros says that his efforts at this time played a major role in helping the leaders fight for the independence of their country. George Soros also engaged his philanthropic efforts towards the fall of communism in Germany. He gave funding to inventors of the Xerox decoder machine which was used to infiltrate Communist communication networks. He also funded the activists who pushed for the abolishment of the Communist rule on opensocietyfoundations.org and the fall of the Berlin wall. His efforts during this period of the cold war paid off with the fall of the communist rule and the Berlin wall in the country. From this time, George Soros continued engaging in philanthropic work directed towards bringing democracy and human rights to all nations worldwide.

George Soros later founded the Open Society Foundation. His major aim for forming this foundation was so that he could use it to drive his agenda of human rights respect, government accountability and the ideology of democracy all over the world. The Open Society soon grew to become a parent human rights and democracy philanthropic movement. It expanded into over 100 countries globally supporting and funding human rights organizations in this countries. With great economic success, it was easy for George Soros to influence democratic movements and human rights actions in this countries. George Soros admits that alongside his business success came an obligation to the society. He adds that he felt that he was in a position where he could do something to prevent the suffering of innocent civilians all over the world. george Soros continues to say that all he does in the lines of human rights and democracy is to ensure that every person around the world get the best services they deserve from their governments.

On the current global economic environment on marketwatch.com, George Soros said that there is a market crisis that has been created by China. He added that from his long business markets experience and expertise he has noticed seen signs of the current crisis coming out like 2008 one. George Soros said that the consistent rise of interest rates in third world countries and the collapse of stocks trade in Asian markets are the same indicators that were seen in 2008. He adds that currently its even worse, as Europe won’t be able to try and rectify the situation this time as previously. George Soros says that Europe is already in a turmoil of crises and it is currently economically weak. He adds that the Euro itself is diminishing in value, and the region has to achieve unity if it hopes to revive itself.

Source.
https://www.opensocietyfoundations.org/people/george-soros

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