George Soros has recently grabbed the headlines by offering his blatant honesty regarding President Trump’s election win. Apart from founding billion dollar hedge funds and donating to various Foundations, Mr. Soros has launched a no-holds-barred interview regarding Trump and his presidency. According to him, President Trump would eventually turn into a dictator and doesn’t have America’s best interests at heart.
Such comments were publicly reiterated during the World Economic Forum held in Davos on Politico. According to Soros, Trump represents a select few in the society, which invariably refers to his business associates and the mafia. Additionally, he firmly believes that Trump would renege on his basic promises that ultimately landed him in the Oval Office. Nevertheless, George Soros counts on the empowered U.S institutions to prevent such scenarios, and even hold him accountable in the worst case scenario. Alternatively, he also believes that Trump’s advisors have a major on his political decisions which are relatively self-contradictory on Forbes. Each bill enacted into law is not only a representation of Trump but also a manifestation of his advisors’ ideologies.
When questioned about Trump’s predictability, Soros highlighted that the current President is highly unpredictable and his surprising win is a testament to this fact. From a business perspective, the billionaire isn’t as optimistic as he had been in the past following Trump’s win on opensocietyfoundations.org. However, China would emerge as a major beneficiary from Trump’s administration in the global trade. It is believed that Trump would go above and beyond to make China a major player in the international community, and the Chinese would welcome such perks with open arms.
It is widely known that Soros isn’t in Trump’s good books. George Soros’ first widely publicized criticism majorly focused on his allegedly incompetent cabinet setup. For instance, a cabinet comprising of “retired generals and inexperienced business leaders” would ultimately derail the country’s quest to promote democracy worldwide.
Widely known as Hillary Clinton’s billionaire investor, Soros has managed to successfully build a portfolio based on his extensive philanthropic activities and business ventures. Despite Trump’s win, George Soros’ hedge fund company gained a 5% profit increment in the 2016 financial year. For starters, he recently pledged $ 10 million to fight hate crimes in the U.S.
Since Trump took over the White House, George Soros has predicted a sudden shift in business growth worldwide. After a quick sneak-peak into his personal life, the 86-year old Hungarian and Jewish native expounded on his experiences across various political regimes. During the formative years of his life, Soros managed to escape Hitler’s ravaged Germany with the aid of fake identities.
Globalization can be attributed as the most vital contributor to GDP growth. However, the concept has had far-reaching political and economic consequences. Since its inception, the concept has contributed to the alarming disparity between the wealthy and destitute countries worldwide.