In an essay today published in The Washington Post and disseminated to subscribers to his newsletter, George Soros gave his views on the situation in Egypt.
“Revolutions usually start with enthusiasm and end in tears. In the case of the Middle East, the tears could be avoided if President Obama stands firmly by the values that got him elected.”
Mr. Soros has pledged to help support democracies explaining, “that means establishing resource centers for supporting the rule of law, constitutional reform, fighting corruption and strengthening democratic institutions in those countries that request help in establishing them, while staying out of those countries where such efforts are not welcome.”
The full text can be viewed at the georgesoros.com Web site.
Mr. Soros, born in Hungary in 1930, is a highly successful money manager and strong supporter of human rights and democratic institutions through his Open Society Foundation philanthropy.
By anticipating a currency crisis he made a reported $1 billion profit in one day (Black Wednesday, 1992) by correctly “betting” against the English Pound.
He attended the London School of Economics and is a widely respected financial and social commentator.