By Dana Sanchez
George Soros, a Hungarian-born American billionaire investor who supports progressive and liberal political causes and is credited with influencing the collapse of communism in Eastern Europe in ’80s, has become a punching bag for Communist China.
In an Aug. 30 op-ed published in the Financial Times, Soros said that Chinese President Xi Jinping’s crackdown on private enterprise is “a significant drag on the Chinese economy” and “could lead to a crash.”
Soros is the chairman and founder of Soros Fund Management and the Open Society Foundations. He has donated more than $32 billion to the Open Society Foundations as of March 2021, earning him Forbes’ designation as “most generous giver.” Soros has a net worth of $8.6 billion.
An advocate of “open societies,” Soros financially supported dissidents of communist governments in Poland, Czechoslovakia and the Soviet Union starting in 1979. “(Soros) has undertaken … nothing less than to open up the once-closed communist societies of Eastern Europe to a free flow of ideas and scientific knowledge from the outside world,” said Waldemar A. Nielsen, an authority on U.S. philanthropy.
Chinese government-controlled newspaper Global responded on Sept. Click here to read entire article