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George Soros, the world’s most hated billionaire, is so wrong about China

20 30 10

Soros is probably the world’s most-hated billionaire, for a litany of reasons. Not all of them are legitimate or appropriate, yet it is an entrenched negative sentiment shared between both left and right. A hero to none, Soros is either a contemptuous political bogeyman, linked to many radical movements around the world due to his proactive liberal-orientated philanthropy, or a “vulture capitalist” who has wholesale profited from unhinging the economies of various countries through his currency-shorting antics.

He’s the man “who broke the Bank of England,” caused a crisis in Malaysia, and helped promulgate the Asian Financial Crisis of 1997. There is a running theme that his interventionism, be it economic or political, is rarely perceived to be in the interests of the countries which he targets.

As a staunch liberal ideologue, Soros, 91, has decided he really doesn’t like China under Xi Jinping, and in recent weeks has unleashed a litany of op-eds in leading financial publications, including the Financial Times and the Wall Street Journal, attacking Xi for his state-led upheavals of China’s tech sector and dramatic reforms that have been widely described as a “leftward turn.” Soros has branded the Chinese leader as a threat to the values of the free world.

He has also decried a recent move by the US money management firm, BlackRock, to open its first private venture in China. Even though it raised $1 billion in its first week alone, Soros declared it a “bad investment” and a “blunder” that threatens US “national security,” arguing........

© RT.com

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