Soros at Davos: Accuses Trump of 'Setting Course to Nuclear War'

George Soros comments on the Trump administration during a speech at the World Economic Forum in Davos

George Soros comments on the Trump administration during a speech at the World Economic Forum in Davos

Most of those organizations were said to be funded by George Soros, which raised questions about whether the groups were struggling for democratic values or they were merely trying to make Trump's tenure more hard. As the President was hosting a dinner for various business leaders, Soros was across town, talking about the various threats facing Western democracies, a category in which he included the Trump Administration. But his criticism of Facebook and Google may empower Democrats who have already expressed skepticism toward Silicon Valley and the broader world of tech and telecom.

Another billionaire has some harsh words for Facebook.

Two days ago, much of the world's financial and economic elite sat through a jeremiad from the billionaire George Soros. "I find the current moment in history rather painful", he said at the outsef of his remarks. The lawmakers behind the bill say the rules will help prevent Russian Federation and other foreign powers from exploiting social media and undermining USA elections.

Elsewhere in his speech, Soros singled out Donald Trump as a "danger" to the world, but described him as a "temporary phenomenon that will disappear in 2020".

The U.S. must accept North Korea as a nuclear power, and then cooperate and negotiate with China to establish an alliance that's better equipped to confront the nation, he said.

The world's major geopolitical actors must now "come to terms with North Korea as a nuclear power" to prevent a nuclear war breaking out. George Soros isn't involved in the day-to-day management of that organization.

Soros's predictions at last year's conference in Davos were also gloomy and bearish on Trump, and have yet to pan out.

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Soros's goal is to help re-establish a functioning two-party system in the USA, which will "require not only a landslide in 2018 but also a Democratic Party that will aim at non-partisan redistricting, the appointment of well-qualified judges, a properly conducted census and other measures that a functioning two-party system requires".

More unexpected was where Soros went next.

Soros Fund Management, his family office, owned some shares of Facebook and Google parent Alphabet Inc.as of September 30.

"They claim they are merely distributing information". "The fact that they are near-monopoly distributors makes them public utilities and should subject them to more stringent regulations, aimed at preserving competition, innovation, and fair and open universal access", said Soros. And their behavior was also causing larger social and political problems.

"They deliberately engineer addiction to the services they provide", he said, according to Bloomberg. "This can be very harmful, particularly for adolescents".

Mr Soros said the European Union, which has no internet giants of its own, was best placed to "protect society against them", whereas USA regulators, he maintained, were too weak. He warns that something "harmful and maybe irreversible is happening to human attention" because "social media companies are inducing people to give up their autonomy".

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