George Soros Bounces Back to Politics by Endorsing Hillary Clinton

George Soros is a billionaire investor and philanthropist. He re-emerged in politics in 2016 after scaling back his political donations more than five years ago. This is after supporting the defeat of George Bush, who served as the president. According to Politico, Soros pledged about $27 million. This amount was channeled towards Bush’s failure. Soros resurfaced as a primary democratic donor in Hillary’s campaign. He committed over $25 million to the cause. According to his associates, Soros pledged more funds towards the campaign.

Presidential Convention

Having been friends with Hillary for 25 years, Soros was interested in attending the democratic convention in order to watch Hillary. He, however, did not make it to the presidential convention because he traveled to Europe on business. Being an entrepreneur and investor, Soros actively participates in matters concerning the economy of the world. This time, it was about the economic atmosphere of Europe. Visit Project Syndicate to learn more about George.

Contribution

Although Soros could not attend the presidential convention, his friends, as well as associates, stated that he was overly politically engaged compared to the past years. Soros believed Hillary’s ability to lead the nation through effective strategies and policies. To him, Donald Trump was an ISIS prisoner who instilled fear in citizens. According to Mr. Michael Vachon, his political advisor, Soros has been an active donor to a political cause. His stakes in Hillary’s case were, however, higher. Even before Trump was nominated, Soros was hopeful that Hillary would take the day. This is because Trump opposed most of what he had built or believed in including criminal justice reforms, religious tolerance as well as immigration reforms.

Mobilization

The worth of the Hungarian-born investor is approximately $24.9 billion. This is according to an estimate by the Forbes panel. His re-emergence as a huge political donor was a boon to the political party as Hillary was geared towards clinching the post. Soros’ determination to help Hillary in beating Trump was seen when he mobilized highly ranked investors through financial circles. More than any political donor, George Soros had the potential to solicit donations through wealthy associates. To be sure of the donor’s support, there was evidence of the contribution from Tom Steyer, Don Sussman and Haim Saban. Those were just a few names from his list of associates. The accumulative benefit of mobilizing his associates boosted Hillary’s campaign. Read more about George‚Äôs life story at biography.com

Capitalism

The Atlantic column featured an article on capitalism by George Soros. The piece was penned fifteen years ago. Soros’ goal was to explain that capitalism is precarious to citizens. In his article, he was of the opinion that with capitalism, the citizens would suffer. Being an entrepreneur who understands the ropes of investment, Soros could be right about capitalism. This is because, with private controllers of the state’s economic activities as well as businesses, some citizens will not be in a position to access goods and services.