George Soros has been an escape artist since his adolescence in Budapest, when Nazi occupiers gave him his first life lessons. Until then, the Schwartz family lived in a large house, located on an island in the Danube. György’s mother, Elizabeth, was the daughter of affluent silk merchants. His father, Tivadar, was a prominent lawyer and eccentric; in good weather, he commuted to his office by rowboat.
But all was not as it appeared, even before the predations of the Third Reich. Anti-Semitism ran deep in Eastern Europe, and Hungarian Jews lived on a knife blade, no matter how large their bank accounts. The secularist Tivadar never attended synagogue, but he had a devout belief in Esperanto, the artificial language that he and other disciples believed would eventually become the world’s tongue. The Tower of Babel would be razed, and nationalism would disappear, along with dialects, local attitudes, and national boundaries. But that world lay in the future. For the present, Jewish identity would have to be papered over.
Accordingly, the family changed its name to Soros—“to soar,” in Esperanto. In 1944, the personification of the Holocaust, Adolf Eichmann, came to German-occupied Hungary to administrate the Final Solution. But Tivadar had anticipated him. By then, he had purchased false identity documents for himself and the family. He bribed a government official to “adopt” György and testify to investigators that the boy was his Christian godson.
Now came the fulcrum of Soros’s life and career. The bureaucrat who housed teenage György was assigned the task of confiscating Jewish land and property. With the boy in tow, he went from house to house, making inventories for Nazi officers. It’s unfair sweepingly to condemn those individuals, Jewish and Gentile, who, willingly or unwillingly, sometimes participated in evil in order to survive. Still, most of those who did escape the Holocaust were tormented by pangs of remorse and survivor’s guilt.
KROFT: You watched lots of people get shipped off to the death camps.
SOROS: That one should think ahead. One should understand and—and anticipate events and when—when one is threatened. It was a tremendous threat of evil. I mean, it was a—a very personal experience of evil. . . .
SOROS: Not—not at all. Not at all. Maybe as a child you don’t—you don’t see the connection. But it was—it created no—no problem at all.
SOROS: Well, of course I c— I could be on the other side or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn’t be there, because that was—well, actually, in a funny way, it’s just like in markets—that if I weren’t there—of course, I wasn’t doing it, but somebody else would—would—would be taking it away anyhow. And it was the—whether I was there or not, I was only a spectator, the property was being taken away. So the—I had no role in taking away that property. So I had no sense of guilt.
Was Soros beginning to confront the implications of these big ideas? No one knew—perhaps not even Soros himself, as he strove to find a place in postwar Britain. Alas for the new graduate, the financial world proved to be a closed society. No one seemed interested in his sheepskin or his multilingual abilities. Finally, he found work at the London-based merchant bank Singer and Friedlander because, he stated in a rare moment of self-deprecation, the managing director was a fellow Hungarian.
In 1930s Hollywood, when former Magyars like Alexander Korda, Peter Lorre, Leslie Howard, and Bela Lugosi reigned supreme, so many of their countrymen applied for positions that one film studio put up a sign: “It’s not enough to be Hungarian, you must also have talent.” So it proved in 1950s London, where the new hire could not rest on his Budapest connections. He had to demonstrate a gift for creating revenue—and he did. Within a few years, he had mastered the craft of arbitraging—making profits by trading different currencies. As befit a man with his background, he also promoted European stocks, then winning favor with U.S. institutional investors. Through Soros, they gained opportunities in the new Coal and Steel Community, soon to become the Common Market.
The recession of 1973 provided one of many examples. After years of wild, bullish ascents, the market seemed impervious to business cycles. Then it crashed. Investors waited for the predicted rebound—and were still waiting five years later. The resignation of Richard Nixon, the oil shortages, the seizing of American hostages in Iran, and the inept response of Jimmy Carter all put paid to the good times. And yet, a few speculators profited from these disasters; Soros was one of them.
The subprime mortgage crisis of the 2000s offered another opportunity. Houses had been overvalued and underfinanced. The day of reckoning occurred in 2008. It led to the downfall of Lehman Brothers, the failure of Fannie Mae and Freddie Mac, and the near-collapse of the entire global financial system. Again, Soros came smiling through. “I’m having a very good crisis,” he told a reporter.
Soros had long since become wealthy beyond avarice. Two large alimonies (he married for a third time in 2013) and the education of his heirs (like Donald Trump, he has five children), plus lavish homes in Westchester and on Long Island, scarcely made a dent in the family fortune, which continued to grow. But along the way, it occurred to Soros, as it had to many another financial giant before him, that mere getting and spending were not enough for a man of his colossal self-measurement. He put his sons and other principals in charge of his companies and hedge funds. Thereafter, like the owner of beach frontage whose landscape is obstructed by trees, he devoted himself to cutting down whatever blocked his worldview.
Soros’s Open Society Foundations was clearly devoted to the eradication of national sovereignty.
His presidential candidate lost in 2016, but this setback likely won’t slow Soros down. His political activism portfolio is well diversified. Backing organizations dedicated to social agitation and change-for-change’s-sake, Soros has caused tsunamis of upheaval, in the United States and around the world.
A few cases in point: last August, DC Leaks, a group of adroit hackers, got into the Soros files and released them. Perhaps the most notorious of the disclosures concerned Soros’s Open Society Foundations, named in honor of Sir Karl Popper. Underneath its lofty rhetoric, the organization was clearly devoted to the eradication of national sovereignty. A key Open Society paper, hacked in its entirety, described the Syrian refugee crisis as an opportunity to “shape conversations about rethinking migrations governance.” Translation: use agitprop to flood Europe and the U.S. with evacuees (among them some probable terrorists); make the old borders and institutions irrelevant; and, in the process, create a world liberated from the restraints of constitutionalism, American exceptionalism, free-market capitalism, and other obsolete isms.
Soros’s open-borders obsessions can be seen in the $2 million he gave to opponents of Maricopa County, Arizona, sheriff Joe Arpaio, an outspoken critic of illegal immigration. The sheriff’s “influence on the national conversation about immigration has been poisonous,” said a Soros spokesman. Arpaio fired back, calling the billionaire a “far-left globalist” who was trying to “buy a local race.” The sheriff failed to ride in on Trump’s November wagon, though, and Soros enjoyed one of his few election-night victories. Soros also spent millions backing liberal-minded district attorneys—they all opposed jail time for nonviolent drug offenders—in Louisiana, Mississippi, Florida, Illinois, New Mexico, and Texas. Some of these candidates won; most lost.
The emphasis on leniency for drug offenders is no accident. Two decades ago, Soros began an ardent campaign to decriminalize marijuana and other illegal drugs, which he promoted as an issue of fairness: Why should abusers be arrested and imprisoned when what they really needed was counseling and rehabilitation? To that end, he backed the Lindesmith Center, a “drug policy institute,” which served as Soros’s echo chamber on matters concerning proscribed substances. “I’m sure Lindesmith’s desire to take us into nihilism and chaos and to jam our hospital emergency rooms with more users has some useful purpose,” scoffed a spokesman for General Barry McCaffrey, during his tenure as Bill Clinton’s drug czar. Since then, Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, and Washington have all legalized marijuana, and Heads, a pro-drug magazine, enthusiastically dubbed Soros “Daddy Weedbucks.” But data are confirming what skeptics like McCaffrey had argued all along: that legalization serves as a forerunner to more drug use rather than less, more emergency-room visits rather than fewer, increased danger to the health of the young, and a consequent weakening of the social fabric.
With the threat that a Trump presidency poses to their power, Soros and his allies figure to be even more voracious for influence—and secrecy. This is no time to let up. Yet Soros must occasionally think back to the professor whose writings he cherry-picked, using what was digestible and abandoning what could not be stomached. When he does, one tocsin is likely to cause discomfort even to this most insensitive of plutocrats: Popper’s reference to the figure “whose magical powers raise him high above ordinary men.” Popper warned about this type long before George Soros perverted Sir Karl’s teachings and crowned himself a philosopher king.