George Soros: The Man, The Mind And The Money Behind MoveOn
By INVESTOR'S BUSINESS DAILY | Posted Thursday, September 20, 2007 4:20 PM PT
The Left: The smear ad published against Gen. Petraeus has drawn attention to its sponsor, MoveOn.org. But the fingerprints of the group's chief financial backer, George Soros, were all over it. Who is this man and what is he up to?
To read Soros' own spun story, he's a Jewish survivor of Nazi-occupied Hungary who pulled himself up by his bootstraps, studied economics in England, became a U.S. citizen in 1961 and made a multibillion-dollar fortune as a financier who pioneered hedge funds.
Over the years, Soros has written books giving his philosophical take on global affairs and acquired a reputation as something of a "stateless statesman." He calls himself a philanthropist and has given away $5 billion of his now $8.5 billion fortune through his principal vehicle, the Open Society Institute. The institute, in turn, has passed cash on to far more radical groups, such as MoveOn.org.
But Soros is no hands-off donor. According to the Open Society Institute's Web site: "Despite the breadth of his endeavors, Soros is personally involved in planning and implementing many of the foundation network's projects."
Soros says he gives away about $400 million annually.
It's an admirable picture, but "philanthropy" may be the wrong word. Unlike, say, Bill Gates, who really does put the bulk of his charity into helping the world's poor through medical services, Soros tends to fund pressure groups and foundations he misleadingly characterizes as promoting "civil society" and "democracy."
The image gives him moral cover to manipulate democracies whose voter verdicts he opposes