Originally published at The Wall Street Journal – reprinted with permission from Soros Fund Management LLC – update – WSJ claims rights over the op-ed even though Soros wrote it! so we are just linking to the story with a brief excerpt – note some are criticizing the move but it is hard to understand – while Soros is involved in many controversial activities this one en-devour is for charity and to help find migrants get jobs so they are not on Government payouts. It is hard to understand why anyone would oppose it especially since it would also create jobs for “native” Europeans in places in Europe hit really hard by unemployment like Greece. One could argue this will increase migration and cause a further surge for parties like AFD but it is highly unlikely someone in Syria who has decided to stay is all of the sudden going to take the long route to get to Germany because Soros donated a few hundred million to help start-ups and other companies hiring migrants. Anyway, below is a brief excerpt.
In response, I have decided to earmark $500 million for investments that specifically address the needs of migrants, refugees and host communities. I will invest in startups, established companies, social-impact initiatives and businesses founded by migrants and refugees themselves. Although my main concern is to help migrants and refugees arriving in Europe, I will be looking for good investment ideas that will benefit migrants all over the world.
This commitment of investment equity will complement the philanthropic contributions my foundations have made to address forced migration, a problem we have been working on globally for decades and to which we have dedicated significant financial resources.
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All of the investments we make will be owned by my nonprofit organization. They are intended to be successful—because I want to show how private capital can play a constructive role helping migrants—and any profits will go to fund programs at the Open Society Foundations, including programs that benefit migrants and refugees.
See full article here The Wall Street Journal
If you oppose this en-devour by Soros we would love to hear why in comment sections below.
