Governments have an important role in world economies by its activities and decision making policies. The United States economy, for an example is affected by government activities. The Federal Government is responsible for providing the guidance through those activities to maintain growth steadiness, stabilize prices, and to increase employment levels. If the government decides to increase or decrease spending and tax rates, it will either speed up the rate of growth in the economy or slow it down. George Soros, Founder of Soros Fund Management and Open Society Foundations understands how political decisions have an influence in World Economies.
George Soros understanding of global economics comes from his educational background, hedge fund investment career, political involvement, and philanthropist works. He considers the present markets, past market trends, political policies, and world economies to make strategic investments and financial crisis assumptions. Soros knows policymakers have an important role in economic stability and governing. After Soros became a billionaire, politicians were attracted to him because of his hedge fund investment success and contributions made to over 150 organizations around the world. He faithfully contributes to organizations for different causes, including political, education, social justice, immigration, women rights & freedom, human rights, healthcare, equal justice, democracy, and economic & policy research.
Presently, Soros is a great supporter of the 2016 Hillary Presidential Campaign. According to the Federal Election Commission, George Soros contributed $1 million to Priorities USA Action, which was reported on June 25, 2015. He donated an additional $6 million to the same political organization, which was reported on December 17, 2015. Priorities USA Action is an organization founded in 2011 to support Hillary Clinton for the United States next president. In May 2015, the Federal Election Commission reported Soros contributed $1 million to American Bridge 21st Century, a research and communications organization.
The beginning of 2016, Soros revealed to investors and spectators that the global markets are headed for a financial crisis like the 2008 crisis. He compared the financial crisis to the 1929 Great Depression, which lasted through the 1930s in one of his books. World Economy, China was his primary focus to base his facts that supports the possible 2016 financial crunch. The stock markets in China and the United States caused an uproar among international investors. China’s yuan currency was devalued and crude oil prices in the U.S. decreased dramatically the first week in January.
George Soros and Presidential Candidate, Hillary Clinton share similar political views when it comes the government and its responsibilities of providing a stable environment for economic growth. Soros has supported democratic causes and views for approximately 35 years. He has shared his insight of global economics in Washington, D.C. and to governments over the world. His billion dollar contributions to organizations helps students, women, immigrants, families, and reputable politicians.