George Soros is over eighty years old, but he’s certainly keeping active. For instance, just a few weeks ago, on April 4th, he made a “surprise visit to Athens” to address a closed session of Prime Minister George Papandreou’s inner cabinet:
“According to sources privy to Soros’ surprise visit to Athens, the billionaire used the occasion of a private dinner invitation by a group of Greek businessmen on April 3 to virtually demand to speak to the government’s economic ministers for an hour the next morning.
“Soros literally summoned government ministers to the premier’s office to chastise them for the clumsy and counterproductive manner in which they have pursued blanket austerity measures that have landed the country into a deflationary debt trap,” a source told the Athens News on conditions of anonymity.
After explaining to the cabinet his position on how international investors are planning to push for debt restructuring by turning the heat on the creditworthiness of Greece, Ireland and Portugal in the coming weeks to make their borrowing costs unserviceable, Soros joined Papandreou for separate talks.”1
Then, days later, back in America, he was hosting the “Second Bretton Woods Conference” (or Bretton Woods II) organised by his very own Institute for New Economic Thinking (INET):
“After a short stop in Greece, he is heading for the Mount Washington Hotel at Bretton Woods in New Hampshire, where from April 8 to 11 a group that the multibillionaire investor is funding will host a major economic conference.
It is the same site of the 1944 Bretton Woods Conference that established the World Bank and chose the American dollar as the backbone of international exchange. The “second Bretton Woods Conference” is organised by the Institute for New Economic Thinking with the aim of transforming “our system of regulation or our tools of policy intervention”, as stated on its website.
This conference is bringing together politicians like former UK prime minister Gordon Brown, academics like Columbia University professor Joseph Stiglitz and journalists like Martin Wolf, the chief economics commentator of the Financial Times.”2
The original Bretton Woods conference of world leaders created the global economic framework still in place today. This new conference was intended to redress the failings in the existing framework, paving the way for nothing less than a new economic order. An ambitious and prestigious occasion and yet the media hasn’t paid a great deal of attention to this gathering of financial luminaries. Perhaps there is a reason…
“Despite its eminent speakers, the conference has gained little media attention. As the Wall Street Journal reported on March 29, “the Soros Empire is silent about this new Bretton Woods conference because it isn’t just designed to change global economic rules. It also is designed to put America in its place — part of a multilateral world the way Soros wants it.”34
Here is Russia Today reporting on the conference, and speaking to Andrew Gavin Marshall from the Centre for Research on Globalization, who compares and contrasts this congregation’s conversation with the historic Bretton Woods get together of 1944 and sees it as a precursor to the G20 meeting:
If you have a little more time on your hands (and a lot of patience) then you can find out exactly what was said at the conference from the INET website.
So what is this “multilateral world the way Soros wants it”? Well, to answer that question, it may help to look a little closer into what motivates this multi-billionaire man of the people.
On his own “official website”, www.georgesoros.com, you’ll find, aside from the prominence of the word PHILANTHROPY, which features top right amongst the page index labels, whilst also accidentally captioning his amiable portrait, this accompanying statement:
“GEORGE SOROS has been a prominent international supporter of democratic ideals and causes for more than 30 years. His philanthropic organization, the Open Society Foundations, supports democracy and human rights in over 70 countries.”
Soros then is a philanthropist – literally “a lover of mankind” – as well as being a long-standing proponent of democracy, human rights and “the open society”. It is notable indeed that a few years ago he severely criticised the Bush neo-con administration, even making direct comparison with Stalin and the Nazis:
This video may have been disabled but you can find it here:
Using some of his enormous wealth (14th richest in America according to Forbes), allied with his formidable political connections, Soros helped to get Obama elected, and the image he has carefully cultivated is one that appeals to many on the New Left. So is there anything else we should know about George Soros?
“Soros likes to portray himself as an outsider, an independent-minded Hungarian emigre and philosopher-pundit who stands detached from the US military-industrial complex. But take a look at the board members of the NGOs he organises and finances. At Human Rights Watch, for example, there is Morton Abramowitz, US assistant secretary of state for intelligence and research from 1985-89, and now a fellow at the interventionist Council on Foreign Relations [CFR]; ex-ambassador Warren Zimmerman (whose spell in Yugoslavia coincided with the break-up of that country); and Paul Goble, director of communications at the CIA-created Radio Free Europe/Radio Liberty (which Soros also funds).”
Well, perhaps not the sort of people you’d expect to find working at a human rights organisation, though it could be worse – after all Zbigniew Brzezinski, the geopolitical strategist who helped to covertly fund and provide weapons to the Mujaheddin6, and is accused of encouraging China to support Pol Pot7, I was dismayed to learn, is a past member of the Board of Directors of Amnesty International. And Brzezinski wasn’t only a fellow at the CFR, but a director from 1972–1977.8
“Soros’s International Crisis Group boasts such “independent” luminaries as the former national security advisers Zbigniew Brzezinski and Richard Allen, as well as General Wesley Clark, once Nato supreme allied commander for Europe. The group’s vice-chairman is the former congressman Stephen Solarz, once described as “the Israel lobby’s chief legislative tactician on Capitol Hill” and a signatory, along with the likes of Richard Perle and Paul Wolfowitz, to a notorious letter to President Clinton in 1998 calling for a ‘comprehensive political and military strategy for bringing down Saddam and his regime’. ”
Yes, but to be fair again, Soros isn’t the only philanthropist supporting ICG. There’s also the Ford Foundation, the Bill & Melinda Gates Foundation, and the Open Society Institute… no, sorry, that is Soros.10 Clark then turns to Soros’s business dealing:
“Take a look also at Soros’s business partners. At the Carlyle Group, where he has invested more than $100m, they include the former secretary of state James Baker and the erstwhile defence secretary Frank Carlucci, George Bush Sr and, until recently, the estranged relatives of Osama Bin Laden. Carlyle, one of the world’s largest private equity funds, makes most of its money from its work as a defence contractor.
Soros may not, as some have suggested, be a fully paid-up CIA agent. But that his companies and NGOs are closely wrapped up in US expansionism cannot seriously be doubted.”
But then if Soros is such a bad egg, why was he so openly hostile to Bush and the neo-cons? And what of his ideas on an open society? His support for gay rights and the legalisation of soft drugs. Well, according to Clark, the answer is simple:
“Soros is angry not with Bush’s aims – of extending Pax Americana and making the world safe for global capitalists like himself – but with the crass and blundering way Bush is going about it. By making US ambitions so clear, the Bush gang has committed the cardinal sin of giving the game away. For years, Soros and his NGOs have gone about their work extending the boundaries of the “free world” so skilfully that hardly anyone noticed. Now a Texan redneck and a gang of overzealous neo-cons have blown it. […]
Soros knows a better way – armed with a few billion dollars, a handful of NGOs and a nod and a wink from the US State Department, it is perfectly possible to topple foreign governments that are bad for business, seize a country’s assets, and even to get thanked for your benevolence afterwards. Soros has done it. […]
But generally the sad conclusion is that for all his liberal quoting of Popper, Soros deems a society “open” not if it respects human rights and basic freedoms, but if it is “open” for him and his associates to make money. And, indeed, Soros has made money in every country he has helped to prise “open”. In Kosovo, for example, he has invested $50m in an attempt to gain control of the Trepca mine complex, where there are vast reserves of gold, silver, lead and other minerals estimated to be worth in the region of $5bn. He thus copied a pattern he has deployed to great effect over the whole of eastern Europe: of advocating “shock therapy” and “economic reform”, then swooping in with his associates to buy valuable state assets at knock-down prices.”
Soros is, when all is said and done, a speculator first and last. Indeed, he was so keen to cash in on the “super-bubble” that led to the current banking crisis that he actually came out of retirement, as he explains here during the World Economic Forum in 2009:
He wants us to believe that he benefits only from weaknesses already inherent within financial systems, such as the famous occasion when he speculated against the pound in 1992 and “broke the Bank of England”; or Black Wednesday, as it became known. He wants us to believe that if he hadn’t benefited then another speculator would have, and that, more generally, he is simply helping to burst the occasional bubble and set the markets straight again. So he would certainly like us to forget that in 2002 he was convicted in France of insider trading – a conviction that was subsequently upheld in 2006.11
But Soros the poacher has now turned gamekeeper. So he says that stricter regulation of markets is required, and he is right of course, and he should know.
More than this, and in the wake of the current economic disintegration, he sees the end of an era and an opportunity to construct nothing less than another world order. One that moves away from our system based on “self-interest” to a system founded on “common interest”. “The bubble of American Supremacy”, as he calls it, is indeed reaching its end, so what will replace it? Soros proposes direct political changes, for instance to the membership of the UN Security Council, which has obviously helped to maintain the Anglo-American post-war hegemony. And here his diagnosis is correct, as it frequently is.
Soros says that he offers a new paradigm. Not socialism, nor free market fundamentalism, “which are both false ideologies”, but the only possible non-false ideology, which just happens to be his own:
“I think the only [non-false ideology] is the one that I’m proposing. Namely the recognition that all our ideas, all our human constructs have a flaw in it – and perfection is not attainable – and we must engage in critical thinking and correct our mistakes. That’s my ideology.”
Really? – That’s an ideology? Not simply commonsense. To hear more of Soros’s plans for our future I recommend the following interview. Reading between the lines, the bigger message becomes clear: the immediate future is bleak, he says, but if you listen to me then everything will eventually be better, although getting there “will be painful”:
Soros wants us to believe that the forms of regulation and restructuring he now vaguely outlines will lead to a fairer and more secure global economic system, even though his plans require giving still more power to central banks and the IMF (which he wants to “reconstitute”). All the problems could be fixed he says, if only “the rulers had the interests of the people really at heart.” Soros then, is looking forward to a time, not of global democracy, but of global philanthropy, in its loosest sense… to a world ruled by people like, um, let’s see, George Soros.
1 Extract from “Soros warns of debt trap”, by Dimitris Yannopoulos, published 11th April in Athens News. Click here to read full article.
2 Extract from “Soros for a new Bretton Woods”, by Costas Papachlimintzos, also published 11th April in Athens News. Click here to read full article.
4 The embedded quote was taken from an article by Dan Gainor entitled “Unreported Soros Event Aims to Remake Entire Global Economy” from The Wall Street Journal on March 29th. Click here to read full article.
5 “The billionaire trader has become eastern Europe’s uncrowned king and the prophet of ”the open society”. But open to what? George Soros profiled” by Neil Clark, published June 2nd 2003 in New Statesman. Click here to read full article.
6 From a 1997 CNN interview: “We immediately launched a twofold process when we heard that the Soviets had entered Afghanistan. The first involved direct reactions and sanctions focused on the Soviet Union, and both the State Department and the National Security Council prepared long lists of sanctions to be adopted, of steps to be taken to increase the international costs to the Soviet Union of their actions. And the second course of action led to my going to Pakistan a month or so after the Soviet invasion of Afghanistan, for the purpose of coordinating with the Pakistanis a joint response, the purpose of which would be to make the Soviets bleed for as much and as long as is possible; and we engaged in that effort in a collaborative sense with the Saudis, the Egyptians, the British, the Chinese, and we started providing weapons to the Mujaheddin, from various sources again – for example, some Soviet arms from the Egyptians and the Chinese. We even got Soviet arms from the Czechoslovak communist government, since it was obviously susceptible to material incentives; and at some point we started buying arms for the Mujaheddin from the Soviet army in Afghanistan, because that army was increasingly corrupt.” Click here to read full transcript.
7 “In 1981, President Jimmy Carter’s national security adviser, Zbigniew Brzezinski, said: “I encouraged the Chinese to support Pol Pot.” The US, he added, “winked publicly” as China sent arms to the Khmer Rouge.” From an article entitled “How Thatcher gave Pol Pot a hand” by John Pilger, published April 17th 2000 in New Statesman. Click here to read full article.
8 This is part of Brzezinski’s bio for the American Entertainment International Speakers Bureau: “His former public and political positions include serving as director of the Trilateral Commission (1973-76), member of the Policy Planning Council of the Department of State (1966- 68), and co chairman of the Bush National Security Advisory Task Force (1988). Zbigniew Brzezinski is also a past member of the Boards of Directors of Amnesty International and the Council on Foreign Relations.” Sourcewatch also lists Amnesty International as one of his affiliations.
9 from Sourcewatch
10 from Sourcewatch.
11 “The highest court in France on Wednesday rejected a bid by George Soros, the billionaire investor, to overturn a conviction for insider trading in a case dating back nearly 20 years, leaving the first blemish on his five-decade investing career.
The panel, the Cour de Cassation, upheld the conviction of Soros, 75, an American citizen, for buying and selling Société Générale shares in 1988 after receiving information about a planned corporate raid on the bank.
Ron Soffer, his lawyer, said Soros planned to take the case to the European Court of Human Rights, saying that the length of the proceedings had prevented his client from having a fair trial.” from an article in International Herald Tribune published 2006. Click here to read full article.