Posted: May 19, 2008, 11:49 AM CST
Are you sure you're not confusing him with some other George?
This doesn't seem like the description of a "looter"
A global financier and philanthropist, George Soros is the founder and chairman of a network of foundations that promote, among other things, the creation of open, democratic societies based upon the rule of law, market economies, transparent and accountable governance, freedom of the press, and respect for human rights.
Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.
Philosophy
At the London School of Economics, Soros became acquainted with the work of the philosopher Karl Popper, whose ideas on open society had a profound influence on his intellectual development. Specifically, Soros's experience of Nazi and Communist rule attracted him to Popper’s critique of totalitarianism, The Open Society and Its Enemies, in which he maintained that societies can only flourish when they allow democratic governance, freedom of expression, a diverse range of opinion, and respect for individual rights.
Finance
In 1956, Soros immigrated to the United States. He worked as a trader and analyst until 1963. During this period, Soros adapted Popper's ideas to develop his own "theory of reflexivity," a set of ideas that seeks to explain the relationship between thought and reality, which he used to predict, among other things, the emergence of financial bubbles. Soros began to apply his theory to investing and concluded that he had more talent for trading than for philosophy. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.
What has he done that you are so opposed to? He made a fortune on Wall st?