The Left In Peril
2016 was an upsetting year for the Left. In America, Republicans, already in control of Congress and many state governments, seized control of the White House. In Europe, the Brexit campaign succeeded and a wave of nativists politicians entered the mainstream. Amidst all of these struggles it seems as if the Left is in recovery. As progressives recover from this defeat they are left wondering how this happened and how to regain power.
The Rise Of Right Wing Populism
George Soros sees these losses as a result of unbalanced benefits from globalization. Right wing politicians have recently fixated themselves around globalism and advocated for an end to practices such as free trade. Many in the Western middle class and working class do not believe they benefit from globalization in any manner. Instead they believe that globalization is responsible for job loss on Forbes and the destruction of national identity. If the Left isn’t able to convince them otherwise of the benefits of globalization we may see trouble down the road as populists use nativism as a pathway to power.
The Consequences Ahead
George Soros has consistently insisted the current conditions we see in politics are not normal. There are the beginning stages of authoritarian regimes and an example of what leads to the destruction of global relations on Investopedia. If America, for example, continues down this path it might result in a shifting of power into the hands of another country. China has recently said that if American president Donald Trump continues down the road he is going China might decide to take over as the foremost world power on opensocietyfoundations.org. A world without America at its helm will certainly look far different from today’s world.
What The Left Needs To Do
George Soros made a huge bet on the victory of Hillary Clinton and the failure of the Brexit campaign. Both of these decisions resulted in a major loss for Soros, but he isn’t backing down. George Soros believes the Left must become more vigilant than ever if it wants to find a way to protect the progress liberals have made and continue to remain an active participant in American politics. There is too much at stake to simply allow it all to wash away.
About George Soros
George Soros is a hedge fund manager with a net worth exceeding $25 billion. His large fortune has allowed him to position himself as a powerful donor to political campaigns. In politics Soros tends to support left leaning politicians and progressive causes. In particular, he is a major advocate of globalization and believes it is key to making the world a better place for everyone.