Politics & Policy

By George

The Democratic party is now brought to you by super-investor George Soros

Last June, the billionaire investor George Soros announced that he was cutting back the work his foundation, the Open Society Institute, did in Russia so that he could focus his attention on the United States. The change was needed, Soros told reporters in Moscow, because the political scene in America had become “quite dangerous.” In the Bush administration, Soros explained, “the executive branch has come under the influence of a group of ideologues who have forgotten the first principle of an open society: that they don’t have a monopoly on truth.”

Soros, a naturalized U.S. citizen born in Hungary, said President Bush had “abused” the September 11 terrorist attacks as a pretext to expand his own power and to run roughshod over other nations. Soros has included these concerns in a book, The Bubble of American Supremacy, due out next January, which will attack the so-called arrogance of the president’s policies.

But Soros plans to do much more than write. Recently, he pledged $10 million to a new Democratic group devoted to defeating Bush in 2004. Soros’s gift will be the largest single political donation from an individual in history, surpassing the $7 million check that film producer Haim Saban gave the Democratic party in 2002. “I’ve come to the conclusion that one can do a lot more about the issues I care about by changing the government than by pushing the issues,” Soros told Fortune magazine recently.

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