The Truth About George Soros' Radical Vision To Remake The Entire World

george soros

Billion are financier George Soros believes we are headed for a second Great Depression.

He says in order to stop it, we need a 3-step program:

1. A common treasury for the eurozone

2. Putting major banks under European Central Bank direction

3. Cheap debt refinancing for countries like Italy and Spain.

Soros’ 3-step program is focused specifically on the resolving the problems in Eurozone, but it’s similar to Soros’ vision of a “New World Order,” which he has promoted for years.

He’s made himself a magnet for controversy in the process. A lot of it is outrageously overblown, but his plans are radical with a capital R. So we decided to lay out his plan in his own words. 

The reality of Soros’ beliefs is complicated, but very much on the record. We took a closer look—could his “New World Order” prevent a second Great Depression?

Alliances made between government and business threaten democracy

His Solution: A New World Order

'Perhaps the greatest threat to freedom and democracy in the world today comes from the formation of unholy alliances between government and businesses.'

Soros specifically lists corrupt countries like Zimbabwe, as well as plutocracy in Russia.

SOURCE OF QUOTE: Open Society: Reforming Global Capitalism

The United States supports unilateralism, which threatens a stable world order

His Solution: A world that operates under multilateralism, not one super power

'The main obstacle to a stable and just world order is the United States.'

Dismayed by the zealousness of U.S. foreign policy since 9/11, Soros is unapologetically critical of our recent military interventions. In his book 'Open Society: Reforming Global Capitalism,' he spells out his criticism:

'It may be shocking to say, but I believe that the current unilateralist posture of the United States constitutes a serious threat to the peace and prosperity of the world.'

This quote has poured fuel on the fire of many Soros conspiracy theorists. Worth noting: Soros' book 'The Crisis of Global Capitalism' contains a much less incendiary formulation of a similar point:

'The United States faces a crisis of identity: Does it want to be a solitary superpower or the leader of the free world?'

In short, Soros is a huge advocate of multilateralism. Indeed, Fox Nation tied him to the Western intervention in Libya.

SOURCE OF QUOTE: The Age of Fallibility: Consequences of the War on Terror, Soros' 2006 book

Right now, capitalism is the enemy of the open society

His Solution: Regulated markets that are not governed by capitalism

'The main enemy of the open society, I believe, is no longer the communist but the capitalist threat.'

When the Soviet Union fell apart, Communism no longer posed any threat. So Soros turned his attention to the excesses of unregulated markets.

Russia's debt debacle nearly sparked a global financial crisis, while their previous centrally planned economy never posed any such danger to its enemy, the free market.

Taken out of context, Soros can sound like a socialist--and he is absolutely believes that an unfettered free market is dangerous. His timing, in this case, was spot-on: a year after he wrote this, Russia announced a debt moratorium, precipitating the infamous collapse of Long-Term Capital Management.

From 'When Genius Failed,' Roger Lowenstein's account of the crisis: 'In 70 years, Russia's Communists had not succeeded in dealing markets such a telling blow as did its deadbeat capitalists.'

SOURCE OF QUOTE: The Capitalist Threat, by George Soros, courtesy of the Atlantic

Laissez-faire economics isn't working anymore

His Solution: An end to laissez-faire economics, which means financial transactions between private parties would be governed by state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.

'Laissez-faire ideology does not prepare us to cope with this challenge. It does not recognise the need for a world order.'

Here Soros' context is the collapse of the Cold War geopolitical structure, which allowed capitalism to run free. Comparing the late 90's to the 'golden age of capitalism' at the end of the 19th century, Soros writes:

'The earlier period was in some ways more stable. There was an imperial power, England, that was prepared to dispatch gunboats to faraway places because as the main beneficiary of the system it had a vested interest in maintaining that system. Today the United States does not want to be the policeman of the world. The earlier period had the gold standard; today the main currencies float and crush against each other like continental plates. Yet the free-market regime that prevailed a hundred years ago was destroyed by the First World War. Totalitarian ideologies came to the fore, and by the end of the Second World War there was practically no movement of capital between countries.'

Basically, free markets don't belong in this world.

SOURCE OF QUOTE: The Capitalist Threat, by George Soros, courtesy of the Atlantic

Markets aren't stabilised or regulated enough

His Solution: A global system of political decision-making that will implement a new global economic system and govern global economics

'To stabilise and regulate a truly global economy, we need some global system of political decision-making.'

'In short, we need a global society to support our global economy.'

These days Soros is extremely concerned about the stability of that global economy.

SOURCE OF QUOTE: 'The Crisis of Global Capitalism'

So we need international law to rule over states and institutions

His Solution: An international legal system that rules over individual states and international institutions

'The sovereignty of states must be subordinated to international law and international institutions.'

Soros clarifies that he doesn't want a 'global state.' What he wants is a global body with actual political weight, supporting 'open societies'--transparent, robust democracies.

SOURCE OF QUOTE: 'The Crisis of Global Capitalism'

Capitalism has triumphed. But it makes democracy impossible.

His Solution: Democracy, which can't co-exist with capitalism. Capitalism has triumphed. Soros thinks now is the time for democracy.

'We can speak of the triumph of capitalism in the world, but we cannot yet speak about the triumph of democracy. There is a serious mismatch between the political and the economic conditions that prevail in the world today.'

Soros is a true globalist--for him, the 'mismatch' is between an economy that flows relatively unimpeded worldwide, and a geopolitical system that defers to the sovereignty of nation-states--even repressive ones.

Basically, Soros looks at human rights abuses in a place like North Korea and says, 'We should be able to do something about this.' For his many critics, of course, a country's ability to steer its own ship is sacrosanct.

In the absence of a more interventionist U.N., Soros spent much of his life taking matters into his own hands. As the New Yorker observed,

'He provided crucial support to civil-society movements throughout the Soviet bloc. He probably did more than any other private citizen in the West to nudge European Communism into history's dustbin.'

This is the irony of conspiracy theories that Soros is an evil enemy of freedom--he directly aided the establishment of Eastern European democracy. That said, his global interventions aren't always high-minded. He did blow up the British pound, after all.

SOURCE OF QUOTE: Open Society: Reforming Global Capitalism, Soros' 2000 book

If we don't end capitalism soon, someone will have the incentive to takeover the world

His Solution: Consider the possibility of changing the system during a volatile time.

'The worse a situation becomes, the less it takes to turn it around, the bigger the upside.'

If not, the upside will be enjoyed by only the victors of capitalism. The British currency devaluation crisis of '92 comes to mind. Soros made a $1.5 billion bet against the pound, which singlehandedly raised Bank of England interest rates by 2% and contributed to forcing the withdrawl of the pound from the European Exchange Rate Mechanism.

So, Soros knows firsthand that financial actors can bank massively from political disaster--and, indeed, even cause it. His actions impacted the course of a nation's history, further fueling wild beliefs about his supposed shadowy influence. It's another irony of Soros conspiracy theories--the man who broke the pound is now a critic of unfettered free markets.

SOURCE OF QUOTE: Soros, in an interview with TIME magazine

Now check out the company Soros keeps in top tier of money managers

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