History of Investor George Soros Successes
George Soros is a well-known philanthropist worldwide who has given billions of dollars in his lifetime supporting both individuals and organizations. His donations help support causes on accountable government (to help strengthen the government), freedom of expression, and equality and justice societies (human rights). Soros was born in the country of Hungary and relocated to London 17 years later where he studied at the London School of Economics before emigrating to the United States in 1956. It was in the 1970s when Soro began his career with his hedge funds and company, Soros Fund Management LLC. Today, Soros is recognized for being one of the most top-notch successful investors in the United States history.In 1984, Soros became founder and chairman of Open Society Foundations helping countries transition from communism. Soros’ mission with the Open Society Foundations is to strengthen laws and gain respect for human rights, minorities and diversity (different opinions). His mission also includes supporting democratic elected governments and maintaining a civil society (being sure that government power is using ethics in human rights, dignity, and the rule of law).
After being successful in his foundations, Soros went on supporting the International Crisis Group, Global Witness. He’s committed and successful in supporting the European Council on Foreign Relations and the Institute for New Economic Thinking.Two decades ago Soros explained his fame in the financial markets fearing that laissez-faire capitalism (being free from government regarding economic activities) and the growth of market values was threatening an open, democratic society. He believes that the threat of an open society is capitalist not communist, and was driven by Karl Popper’s philosophy of open society where totalitarian ideologies like communism and Nazism are enemies.
Soros wrote in The Atlantic in 1997 that his theory of history is based on reflexivity (feedback between thinking (reflecting) and events). Reflexivity has helped and continues to help Soros significantly in the financial markets. Soros wrote that when making money he reflects on what he really cares about, and that is exactly what he did when Soros developed his foundation, Open Society Fund Inc. Soros continued saying in the 1997 edition of The Atlantic that he became successful supporting the Chapter 77 petition (demanding the Communist government to recognize human rights) in Czechoslovakia (Central Europe), and the Solidarity (first independent labour union belonging to the Soviet bloc) in Poland, among other foundations in Hungary, China and the Soviet Union during the 1980s. In fact, Soros established foundations in more than 25 countries by the year 1989. In the 1997 edition of The Atlantic, Soros explained that the economic theory misrepresented reflexivity, therefore, laissez-faire ideology was open to be exploited.