The Soros Threat
By James K. Glassman

George Soros, the 38th richest person in the world according to Forbes, says that defeating President George W. Bush in 2004 is "the central focus of my life." In an eye-popping interview recently with the Washington Post, he argued that "America under Bush is a danger to the world."

"When I hear Bush say, 'You're either with us or against us,' it reminds me of the Germans." It evokes memories, he says, of the Nazi rhetoric of his childhood in Hungary.

This wild antipathy toward the President is making Soros--who earned his $7 billion as a hedge-fund buccaneer--the single biggest funder of efforts to get Bush out of the White House. The Post figures he has spent over $15 million so far, and he is ready to give more. The 2004 Presidential race, he told the Post, is "a matter of life and death."

In early November, Soros and a partner donated $5 million to the liberal, anti-Bush MoveOn.org. He also gave $10 million to a similar organization, America Coming Together, which aims to mobilize voters in 17 battleground states. And he has promised $3 million to the
Center for American Progress, a new Democratic think tank started by former Clinton aide John Podesta.

Soros has always fancied himself an intellectual as well as a moneymaker, and he wants desperately to be taken seriously.
His first attempt came in 1997 with a weird, discursive article in the Atlantic Monthly called "The Capitalist Threat." He argued that "the spread of market values into all areas of life" is now the main threat to "open and democratic society."

The man-bites-dog nature of the anticapitalist article from the capitalist mogul brought it attention, but it was so appallingly stupid that it provoked the ire of even the typically mild-mannered, centrist journalist Robert Samuelson of Newsweek. He called Soros "a crackpot" and his essay "gibberish" akin to the "Unabomber's manifesto in its sweeping, unsupported, and disconnected generalizations."

Now Soros is back in the Atlantic with a piece called "The Bubble of
American Supremacy." Here the problem is not so much incoherence as hysteria: "The Bush administration proceeded to exploit the terrorist attack for its own purposes," he writes of the 9/11 terrorist murder of innocents. "It fostered the fear that has gripped the country…and it used the war on terrorism to execute an agenda of American supremacy."

What does Soros propose? Not military action, but "preventive action of a constructive and affirmative nature. Increased foreign aid or better or fairer trade rules," and, of course, "international cooperation."

All of this would be harmless if Soros didn't have billions to spend and the intention to manipulate our politics with them. In the past, it was enough for him to lavish money on leftish causes like drug legalization through the Soros Foundations Network. But a more strident, ideological tone has now become evident.

Soros dubbed his main charity the "Open Society Institute," a reference to the 1945 book, The Open Society and Its Enemies, by Karl Popper (1902-94), who was driven out of his native Austria by the
Nazis. Popper's ideas are complicated, but he stood for what Jonathan Rauch, in a perceptive essay following 9/11, called a free society's "irrepressible effervescence and astonishing durability." These truly are American traits, and ones that the Bush administration has tried to preserve and promote through the kinds of activities that Soros appears to detest: tax cuts, regulatory restraint, and yes, overthrowing tyrants in other parts of the world.

There is irony in Soros's simultaneous embrace of Popper and of the American Left. And hypocrisy in his attitude toward campaign finance regulation: In his foundation's annual report, Soros lauds the McCain-Feingold law limiting donations as an antidote to "a fundamental crisis in democratic self-government." Yet he pours millions into a loophole that lets nonparty groups accept funds without limit.

Let me be clear: Soros earned his money, and he can spend it on whatever he wants. What concerns me is the monstrous hatred Soros has developed toward the President of the United States--hatred shared by others in his social circle.

My guess is that the $15 million Soros has spent is just the beginning. Most voters are blessedly immune to dumb arguments even when they are well-funded. Nevertheless, it would be foolish to take Soros lightly. He is emerging as a great threat not just to the re-election of George Bush, but to our truly open society as well.