Soros hatred is a global sickness

For a new generation of nationalists, the investor has become the perfect villain

The Financial Times
Financial Times

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In this Tuesday, Sept. 7, 2010, file photo, philanthropist George Soros speaks during an interview with the Associated Press, in New York — AP Photo/Mary Altaffer

By Gideon Rachman

George Soros, the billionaire investor and philanthropist, has had a busy year. Since the beginning of 2017, he has faked a chemical attack in Syria, funded anti-Trump marches in Washington, come up with the “Soros plan” to flood Hungary with refugees, forced a change of government in Macedonia, undermined the Israeli prime minister and got several key White House aides sacked. Not bad for a man of 87.

All of the above are, of course, conspiracy theories. But the fact that they have surfaced this year — and all feature the name of Mr Soros — is not just a curiosity. It says something important and worrying about global politics.

In the 1990s, Mr Soros was in tune with the spirit of the age, as he used the billions he had made in finance to support the transition to democracy in post-communist Europe and elsewhere. But now the global political climate has changed and liberal ideas are in retreat. For a new generation of nationalists — from the US to Russia and Hungary — Mr Soros has become the perfect villain. He is an internationalist in an age of nationalism. He is a supporter of individual rights, not group rights. He is the 29th-richest man in the world…

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