George Soros: 'Trump would like to establish a mafia state'

George Soros: 'Trump would like to establish a mafia state'

George Soros: 'Trump would like to establish a mafia state'

Billionaire liberal activist George Soros said Thursday that President Donald Trump has put the nation on a path toward nuclear war by refusing to accept North Korea as a nuclear power, calling his administration "a danger to the world".

However, Soros didn't stop there on the dangers of Trump's presidency.

Speaking to Bloomberg at the World Economic Forum in Davos about his charity Open Society, Soros said: "The situation has deteriorated, not only the survival of Open Society, but the survival of our entire civilisation is at stake". Soros in the past has expressed concerns about Trump and democracy across the globe since Britain voted to exit from the European Union in June of 2016.

Soros's predictions at last year's conference in Davos were also gloomy and bearish on Trump, and have yet to pan out.

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For decades now, Soros, who made his fortune as a speculator and hedge-fund manager, has been championing the values of democracy, pluralism, and individual rights around the world. Its inadvertent impact has been to motivate a greater number of core opponents than core supporters, he argues, leading him to "expect a Democratic landslide in 2018".

The money manager, whose family office owned a small stake in both companies as of September 30, also criticized social-media organizations for exploiting the data they control and called them a "menace" to society that needs more oversight.

"They claim they are merely distributing information", Soros said.

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Soros said he sees trouble all over the world and even in cyberspace, where social networks are invading people's lives and in some cases ruining them as well. "But the fact that they are near-monopoly distributors makes them public utilities, and should subject them to more stringent regulations aimed at preserving competition, innovation, and fair and open universal access".

He argues they "deliberately engineer addiction to the services they provide", which can be particularly harmful to adolescents, and draws a parallel with the behaviour of gambling companies.

The financier's remarks couldn't help but spark a veritable flood of reactions over social media, with some users approving of what he said... It takes a real effort to assert and defend what John Stuart Mill called 'the freedom of mind.' There is a possibility that, once lost, people who grow up in the digital age will have difficulty in regaining it.

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