George Soros is a self-made billionaire who has made a fortune from the financial markets. However, he has of late been highlighting the danger of the capitalism system to the open society, and he has captured the situation on the ground well.
Survival of the Fittest
In an era where companies and marketers are trying to influence the masses’ thinking rather than responding to their needs, virtually everything is defined by its value today. A piece of art is judged by its value rather than by its appeal. Even people are respected based on how rich they are. George Soros argues that this should not be the case in a civilized society. One of the most suitable solutions that has been advocated for a long time now is the distribution of wealth. However, it is almost impossible to distribute wealth primarily because the wealthy (and powerful) are adamantly against it; additionally, the financial markets react negatively to shifts in wealth management, thus posing fears of economic collapse. George Soros explains that the situation gets worse with each generation as wealth is largely hereditary. As such, the current generation is usually worse off than the former. If this trend continues, then it may cause an irreconcilable divide between the few wealthy people and the largely poor masses.
From Individuals to States
The capitalism system has been so entrenched in the world that states are resembling individuals as explained above. Each state is focused on serving its best interest rather than working towards the common good especially considering the problems plaguing the world: wars, hunger, floods, religious division, and so much more. George Soros explains that the rise of President Donald J. Trump to power has made the situation worse as he is focused on ditching most of the U.S.’s global responsibilities. He has also stirred conflict in several regions around the world, and international relations with Russia and China have worsened under his watch. If this trend continues, then the global trade may collapse. A global economy collapse would mean a collapse of many volatile economies as well as the waning of major economies around the world.Unfortunately, there does not seem to be a solution in place as the situation is only getting worse as each person and state focus entirely on their self-interests.
George Soros Profile
George Soros is one of the leading global philanthropists. He is estimated to have donated about $12 billion to date through his Open Society Fund. His fund supports a wide range of courses including equality, education, freedom of expression, sexual freedom, and tolerance, among others.George Soros was inspired to work towards a more inclusive and open society by the difficulties he faced growing up as a Jew during the Nazi and communism period.