![]() ![]() ![]() ![]() As a student at the London School of Economics, he was influenced by the philosopher Karl Popper, who said it was impossible to establish anything with absolute certainty and that ideologies that claimed to have found the secret to universal truth were making a false claim. In truth, Soros is far more complex than this bogeyman image of a plutocratic financier would suggest. In part, that is because he has never had any time for Donald Trump, but it is also because as a billionaire, Democrat-backing Jewish supporter of globalisation, he has become fodder for a host of increasingly wild antisemitic conspiracy theories. In the US, Soros is loathed by many Republicans. In recent years, those who turn up to his annual dinner at the World Economic Forum in Davos have heard him warn that China’s Xi Jinping will use artificial intelligence to cement a one-party state, and that Vladimir Putin’s invasion of Ukraine may be the start of a third world war. What’s more, it led to a rethink of the UK’s entire economic strategy and the establishment of the inflation-targeting regime still in place today. It was the classic demonstration of the power of financial markets. Black Wednesday, as it became known, was a seminal moment. Yet he will be forever known as the financier who broke the Bank of England by leading the speculative attack on the pound more than 30 years ago.Īnd with good reason. ![]()
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