The Success Of George Soros in Financial Investment And Philanthropy

In 2017, George Soros, the wealthy founder of Soros Fund Management enlisted the services of Dawn Fitzpatrick in the management of the fund. She joined the entity as the seventh Chief Investment Officer since 2000, but her experience on Wall Street puts her in a good position to ensure the continued success of Soros Fund Management. Currently, Soros Fund Management maintains and manages assets valued at more than $30 billion.

Personal Background

George Soros is a businessman and investor based in New York but is originally from Hungary. He is a vocal supporter of Democratic and liberal causes such as the immigrant rights, democratic societies, religious tolerance, proper education, and adequate healthcare. He has personally experienced being an immigrant after leaving Hungary in 1947 headed to London.

While in London, he studied at the LSE and attained a Master’s degree in Philosophy and paid his tuition fees taking on odd jobs in the city. After graduation, he ventured into the field of finance working for merchant banks specializing in international stock brokerage. He left for the U.S in 1958 and began working as a stock broker on Wall Street. He founded Quantum Fund, previously known as Double Eagle in 1969. Owing to his success on the equity markets and his first fund, George Soros established Soros Fund Management in 1970.

It was while studying at the LSE that he adopted the ideology of “The Open Society and Its Enemies”, by Karl Popper. He believes that an open society is one founded on universal norms that govern human interaction to improve the general quality of life. This concept influenced him to form a nonprofit organization known as the Open Society Foundations. Through this organization, he has dispensed more than $13 billion in charitable causes.

As a resident of Greenwich Village, New York, George Soros was influenced by the stance of Allen Ginsberg, a psychedelic drug expert on drug legalization in the U.S. This position made him adopt a positive view on illegal drugs and he was one of the leaders of the 2000 movement to legalize marijuana. He was also in close to proximity to Michael Harrington, a critic of the discrimination based on class divisions in the U.S. Read his profile at Forbes.

Political and Social Impact

In 2016, George Soros devoted $25 million to the presidential bid of Democrat Hillary Clinton. He has also supported other liberal and Democratic campaigns for notable individuals such as Barack Obama, Joe Biden, and Bill Clinton. He also donates regularly to political action committees including Senate Majority PAC, Immigrant Voters Win, and American Bridge 21st Century.

Read more: http://www.politico.com/story/2016/07/george-soros-democratic-convention-226267

He played a significant part in the smooth transition of Eastern Europe to capitalism from communism. George Soros did this by funding and facilitating cultural exchanges through the Central European University. This environment fostered ideological discussions among the young people of both Eastern and Western Europe. George Soros views himself as an individual with a divine mandate to contribute to making the world and its institutions much more functional and efficient. Know more on cnbc.com about George Soros.

BRINGING DEMOCRACY BACK WITH END CITIZENS UNITED

End Citizens United is a Political Action Committee that was established on 1st March 2015. The committee is dedicated in ending the adverse effects caused by Citizens United and bring about reformation to the campaign financing system. This was a move seen necessary since the formation of Citizens United, as the very rich were now seen to have intentions of “buying elections”. Introduction of End Citizens United was seen as a move towards campaign finance reforms, while exerting more pressure on lawmakers to have them take action.
The main aim being to curtail Big Money dominance in politics and dismantle the rigged political system by electing campaign finance reform champions. The movement mainly gives its support to Democrats in various key races as they are mostly seen to influence the change towards better reforms to the campaign finance system.
The group’s ultimate and most important goal is influencing a constitutional amendment to reverse the 2010 Supreme Court’s Citizens United decision. The decision by the Supreme Court was seen to unleash a tidal wave of big dark money into politics. This allowed aspirants to raise unlimited sums of money from corporations, unions, associations as well as from individuals to use in their campaigns. End Citizens United, has previously partnered with “Ready for Hillary” towards the signing of their petition aimed at reversing the Supreme Court’s decision.
Among the members who have previously been endorsed by End United Citizen include; former Senator Russ Feingold of Wisconsin and Senator Michael Bennet of Colorado. The group interests have been to offer support to candidates who are capable of bringing a change to the existing laws on campaigns and elections. The group has plans which are underway to establish an independent expenditure arm that will financially back the endorsed candidates through initiatives such as television adverts, direct mailers as well as polling. The change which End Citizens United is hoping to enact is at the local as well as the state level.
Many entities have come to appreciate the work of End Citizens United group, as it is seen to create public awareness. It has as well induced political pressure on both the Supreme Court as well as other political actors, not to make things any worse. The movement is financed by thousands of grassroots supporters from all over the country. In future, the group is hoping to make its financial reports public, a move seen to advocate for transparency and accountability. Those willing to fund the movement are investors whose main aim is reclaiming back the taken democracy. Through their unending efforts, the movement hopes to facilitate the election of pro-reform candidates. This will make the issue of money in politics a national priority and using their membership to enact political pressure.