November 11, 2003
Soros, Open Societies and Bush
In a remarkable piece of news, billionaire George Soros announced plans to match 50 cents to the dollar every donation made to defeat George W. Bush. (Disclosure: I worked for the Soros Foundation as an educator in Ukraine in 1997-8 and applied for several grants from his foundation for several schools). That a man devoted so singlemindedly to overcoming political hegemony is now throwing money into a domestic election is a sign of how high the 2004 election stakes really are.
According to the article,
Soros believes a “supremacist ideology” guides this White House. He hears echoes in its rhetoric of his childhood in occupied Hungary. “When I hear Bush say, ‘You’re either with us or against us,’ it reminds me of the Germans.” It conjures up memories, he said, of Nazi slogans on the walls, Der Feind Hort mit (“The enemy is listening”): “My experiences under Nazi and Soviet rule have sensitized me,” he said in a soft Hungarian accent.
Soros is a man obsessed with Karl Popper and financing causes he believes in. He is not a household name in US, but in Eastern Europe, he is well known for funding publishing houses, media centers, schools, several distinguished universities and many projects that cultivate openness and freedom of expression. In Albania, where I worked as a Peace Corps volunteer, his funding created debating societies and cultural exchanges and assistance for scholars wanting to study abroad. Although Soros later scaled back his funding for Russia and Eastern Europe in favor of more "entrepreneurial initiatives," there was a time in the late 1990's when Soros was providing more foreign aid to Russia than any of the wealthiest European countries.
Soros's intervention in domestic politics is a sign (for me at least) that the elite class in USA is really fed up with Bush's inconsistencies ("16 words") , blind jingoism ("mission accomplished"), unilateralism (Kyoto, ABM, etc) , political cowardice (steel tariffs), polarizing rhetoric ("axis of evil") and politicization of official functions (EPA reports on NY Air).
Right now, Bush's formidable war chest seemed a sign that the Republicans were ready to launch a massive media/propaganda campaign like nothing we'd ever seen before. Soros's entry into the election at least levels the playing field somewhat. Unfortunately, mass media today can be bought and pressured (CBS cancelling the Reagan docudrama) and even middle-of-the-road media like CNN end up providing nonstop uncritical platforms for senior Bush officials to speak.
I hope these donations make a difference. But can our national political process function without continuous infusions of capital?
Articles by George Soros:
Towards an Open Society
Timely article. I have been following Soros’s writings and involvement in shaping the 2004 Election since May of this year. He may not be a renowned philosopher in his own right, but, his writings reflect an astute and accomplished student of philosophy in both the areas of economics and political systems.
Democracy in America will indeed be dead if a single political perspective is able to significantly and consistently outspend all opposing views during election cycles. For no other reason than he is leveling the playing field between the parties and insuring the public has access to at least two opposing points of view, I have to respect immensely Soros’ committment to the democratic process in America.
Posted by: David R Remer at November 12, 2003 07:58 PMIs it necessarily a good idea for Soros to go after Bush so directly? After all, America loves an underdog. Will people be more likely vote for him if they perceive he is under attacks from a liberal media and leftwing billionaire?
Posted by: Adam Thomas at November 12, 2003 11:12 PMGeorge Soros = my new favorite billionaire
Posted by: blipsman at November 13, 2003 12:33 AMGeorge Soros is a detestable person. He almost singlehandedly bankrupted 2 economies (Malaysia and England) and has likened the president to Adolf Hitler. I don’t care what political persuasion you identify with, you cannot rationally say that George Bush is IN ANY WAY like Adolf Hitler. Least of all public speaking ability.
He has also blamed Ariel Sharon and George Bush for the global rise of Anti-Semitism, when he himself is a Jew and has tried desperately to ruin the economies of the aforementioned two nations. If that hasn’t contributed to anti-semitism then I’m O.J. Simpson. Malaysia specifically is on record with many anti-jew policies and remarks that stem specifically from Soros almost collapsing their economy.
I’m happy Soros will “WASTE” his millions on a false crusade against the evils of the Bush Administration. When Bush is re-elected in the coming year, I will raise a glass in celebration of all those Millions spent and wasted, and appreciate all Democrats that share a blind hatred of all things conservative, regardless of the positive outcomes of conservative policies.
Here’s to you… (if you fall in that category)
Posted by: Yukon Jake at November 13, 2003 02:00 AMFor Yukon Jake, well, your disagreement is a little extreme, but I wanted to point out something about your first paragraph that didn’t sound right. Soros’ strategy of “betting against a currency” is wrongly interpreted as the intention to harm the country itself. That unfortunately just misunderstands macroeconomics. When countries lack a strong currency reserve or have other economic weaknesses, they are vulnerable to such “attacks.” George Soros, in his later years, has even attempted to warn countries beforehand about structural economic weaknesses. Of course, if Mr. Soros weren’t around to make these challenges to the currency, someone else certainly would. Soros’s genius is recognizing states of disequilibrium and nations whose economies are at tipping points.
Your criticism (and Mathathir’s) are a classic case of ignoring root causes and focusing on symptoms of economic maladies.
I think you misunderstand the Malaysian crisis. It was Mathathir, not Soros, who railed against this Jewish financial conspiracy. Many economists say that the Malaysian president’s strident anti-global rhetoric, not Soros’s financial trading, contributed more to the loss of economic confidence.
Finally, if you disapprove of his business model (and that’s a debateable question), you at least have to concede that he is using his “ill-gotten gains” for noble purposes. Few billionaires are as actively involved in doing that.
With respect to the Nazi comparison, I realize that this is just political rhetoric, but Bush uses a lot of polarizing rhetoric, US military spending this fiscal year is more than the rest of the world combined, and our civil liberties are being gradually eroded. We need to be reminded that Nazism emerged out of a democracy, that even so-called healthy democracies are vulnerable to zealots and jingoists.
BTW, this is just my opinion, but I think charging Ariel Sharon with causing a anti-semitic backlash is fair.
The underlying premise behind detractors of Soros is that wealthy billionaires ought to shut up, and not get involved in the political process. Fair enough. Instead of building up our domestic institutions (through community projects and grants), Soros is instead throwing his money at a one time election. The problem doesn’t lie with George W. Bush, but our weak media, vote buying and political apathy. If Soros could work towards solving these underlying problems, we would not have to worry about dimwits like George W. Bush taking charge.
Posted by: Robert at November 13, 2003 01:57 PMOne thing that I’m confused about. The author states in his opening that “billionaire George Soros announced plans to match 50 cents to the dollar every donation made to defeat George W. Bush.” He provides a link to an MSNBC article that says no such thing. It talks about the various contributions that Soros has made to oust Bush, totalling 15.5 million so far. This is nothing like 50 cents on the dollar to date.
I find a single person spending $15.5 million to campaign against a candidate alarming enough, but 50 cents on the dollar will surely top $50 million and likely be over $75 million by the election. So where did that claim come from?
Posted by: Jason Erickson at November 18, 2003 07:03 PMJason, I am not sure about this, but, if I recall correctly, Soros made a 10 million donation to the Democratic Party. Recently, he made a 5 million pledge to MoveOn.Org, if memory serves correctly, and it is this 5 Million that is .50 on the dollar. Not the original 10 Mil donated to the Democratic Party.
Posted by: David R. Remer at November 19, 2003 07:09 AMGeorge Soros is worth well over $7 billion. If he used just 5% of his net worth he can take care of the arrogant, vengeful, elitist, right-wing George Bush once and for all.
I raise my glass to that!
Go George (Soros)!!
Posted by: Asher Pinto at February 1, 2004 04:37 AMNever mind that this was none of his business….
Posted by: Sam Elliott at April 3, 2004 02:14 AMExcuse me Sam? You mean no more his business than the thousands of millonaire/billionaire contributors to the GOP or Conservative think tanks, right? If not, hypocrisy has just been elevated to new levels.

