The George Soros Legacy; the Open Society Foundations

The Open Society and Its Enemies is a creature of philosophy which was conceptualized and put down in writing during the Second World War by Karl Popper. The book’s thesis hints at the terrible failure of totalitarianism, fascism, nationalism, collectivism and romanticism to prescribe healthy international human interactions. The proponent of the philosophy of open societies explained that, in line with the concept of liberalism and enlightenment, no single society ever unearthed the supreme truth. He prescribes that the world embrace different societies living peacefully under the governance of laws which foster democracy and allow minority groups to air their opinions as freely as majority groups without any fear or coercion. The biggest achievement that the book ever made, and other works of Karl Popper on open societies, was perhaps to convince liberal billionaire George Soros into the persuasion of founding the Open Society Foundations.

The Open Society Foundations

The Open Society Foundations was founded earlier than 2010 when it branded itself as the OSF from the Open Society Institute. It is the biggest philanthropic organization that the world has ever had. Despite the fact the Gates Foundation spends more money than it: the Open Society Foundations reaches more people, in more countries, and in a more determinable manner. The international grant making network supports civil society groups financially all across the world. The prerequisite that most of the beneficiary activist and lobby groups have to fulfill is to support just causes that seek to advance democracy and justice, education, public health and freedom of speech.

Some of its biggest foundations in Africa include regional foundations like the Open Society Initiative for Southern Africa and the Open Society Initiative for West Africa.George Soros is the main donor to the foundation. He is famed as one of the most generous men in the world because, in his lifetime, he has given out over 12 billion dollars to charity. He has been a major donor to the Democratic Party but still, his political contributions are personal and negligible to what he gives to the Open Society Foundations. Yet, despite his heavy giving, Soros has remained a financial powerhouse who has grown the Soros Fund Management to make his worth rise to 26 billion dollars.

It’s worth noting that the foundation has had more than just money injected to it by the business magnate, he also gives it direction. The tycoon is set to leave his vast estate to the foundation and is currently overseeing its restructuring to ensure it becomes his perpetual legacy; his life on earth after his death.George Soros first came into contact with Karl Popper’s philosophy at the London School of Economics. He related with the content of the philosopher’s papers and books because he had witnessed political intolerance first hand under the Nazi occupation of Hungary under which the Soros family barely escaped with their lives.

George Soros: Philantropist and Businessman

In todays’ world words like philanthropy are often underused or completely avoided altogether. However, George Soros perfectly sums up what it means to be a true philanthropist. In his years as a businessman he has created and head many organizations that help propel nations forward. Soros attended the London School of Econmics in 1947 and later became a bank merchant. This was Soros first introduction to the concepts of money and management. He would go on to earn a bachelors degree as well as a master’s degree in Philosophy. After working at the bank he later on began a job as trader for F.M. Mayer. With his knowledge of European stocks he quickly became a well known among US investors.

George Soros would travel to South Africa during the late seventies with the intent on helping the apartheid tarnished country. This would prove unsuccessful as every endeavor he encountered caused him to be pulled more into the status quo as opposed to changing it. He would then travel to Europe where he found that his own influence would be more productive. During this time he supported many different movements including: Chapter 77, Solidarity in Poland and various other social advocacy groups.

George Soros eventually would travel to his motherland of Hungary where the regime of Communism was overbearing. His efforts there proved to be most successful, as he supported open society through his foundations. The foundation became the soul of the movement which allowed for a more speedy collapse of Communism in Hungary. After the fall of Communism in Hungary, the purpose of the foundation ultimately changed. Instead of focusing on creating a new system more open system, it now focused upon building a new stronger Hungarian system. Mr. Soros had proven that when men with access to resources put their minds to something that they can indeed make a change for society.