The Open Society Foundations work to build vibrant and tolerant democracies whose governments are accountable to their citizens. To achieve this mission, the Foundations seek to shape public policies that assure greater fairness in political, legal, and economic systems and safeguard fundamental rights. On a local level, the Open Society Foundations implement a range of initiatives to advance justice, education, public health, and independent media. At the same time, we build alliances across borders and continents on issues such as corruption and freedom of information. The Foundations place a high priority on protecting and improving the lives of people in marginalized communities.
For three decades, the Open Society Foundations have supported justice, human rights, freedom of expression, public health, and education around the world. The Open Society Foundations include the Open Society Institute — with offices in New York, Baltimore, Brussels, Budapest, London, Paris, and Washington — as well as country and regional foundations active in more than 70 countries. These foundations, programmes, and offices work together as the Open Society Foundations to build vibrant and tolerant democracies and promote open societies.
An open society is a society based on the recognition that nobody has a monopoly on the truth, that different people have different views and interests, and that there is a need for institutions to protect the rights of all people to allow them to live together in peace. Broadly speaking, an open society is characterized by a reliance on the rule of law, the existence of a democratically elected government, a diverse and vigorous civil society, and respect for minorities and minority opinions.
The term 'open society' was popularized by the philosopher Karl Popper in his 1945 book 'Open Society and Its Enemies'. Popper's work deeply influenced George Soros, the founder of the Open Society Foundations, and it is upon the concept of an open society that Soros bases his philanthropic activity.
George Soros - Founder and Chairman,Open Society Foundations
George Soros came of age in Hungary at a time when it was a battleground in the decades-long conflict between fascism and communism, the two great totalitarian ideologies of the 20th century. A personal experience of this conflict—including the violence, foreign occupation, anti-Semitism, and other forms of intolerance that went with it—as well as a personal fascination with philosophy shaped Soros’s thinking in later years and influenced his successful strategies in both finance and philanthropy.
Born in Budapest in 1930, Soros survived the Nazi occupation of Hungary during World War II as well as the postwar imposition of Stalinism in his homeland. Soros fled Communist-dominated Hungary in 1947 and made his way to England. Before graduating from the London School of Economics in 1952, Soros studied Karl Popper’s work in the philosophy of science as well as his critique of totalitarianism, The Open Society and Its Enemies, which maintains that no philosophy or ideology has the final word on the truth and that societies can only flourish when they allow for democratic governance, freedom of expression, a diverse range of opinion, and respect for individual rights.
Later, while working as a financial analyst and trader in New York, Soros adapted Popper’s thinking in developing his own application of the social theory of “reflexivity,” a set of ideas that seeks to explain how a feedback mechanism can skew how participants in a market value assets on that market. After concluding that he had more talent for trading than for philosophy, Soros began to apply his ideas on reflexivity to investing, using it to predict, among other things, the emergence of financial bubbles. In 1967, he helped establish an offshore investment fund. In 1973, he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds.
Soros’s memories of anti-Semitism in wartime Hungary prompted him, in 1979, to begin providing financial support for black students at the University of Cape Town in apartheid South Africa. In 1984, Soros created an education and culture foundation in Hungary. He later supported dissident movements in Eastern Europe’s other Communist countries, helping people to organize themselves at a time when popular organizations were banned, to voice their opinions when dissonant opinions were considered anti-state propaganda, and to promote tolerance, democratic governance, human rights, and the rule of law when a one-party dictatorship exercised a monopoly on power.
As the East bloc crumbled during the late 1980s and the Soviet empire collapsed in the early 1990s, Soros expanded his funding in an effort to help create open societies in all of the region’s countries. He demonstrated his commitment to critical thinking and democratic political development by establishing Central European University in 1991. In 1993, he founded the Open Society Institute. Over the past three decades, Soros’s philanthropy has spawned a network of foundations dedicated to promoting development of open societies in Africa, Asia, Europe, Latin America, and the United States. To date, Soros has given over $8 billion to support human rights, freedom of expression, and access to public health and education in 70 countries.
Soros's most recent book is
His other books include
- The Crash of 2008 and What it Means:
- The New Paradigm for Finance Markets (2009);
- The Age of Fallibility: Consequences of The War on Terror (2006);
- The Bubble of American Supremacy (2005);
- George Soros on Globalization (2002);
- Open Society: Reforming Global Capitalism (2000);
- The Crisis of Global Capitalism: Open Society Endangered (1998);
- Soros on Soros: Staying Ahead of the Curve (1995); Underwriting Democracy (1991);
- Opening the Soviet System (1990); and The Alchemy of Finance (1987).
His essays on politics, society, and economics appear frequently in major periodicals around the world.