Soros' Bleak 2017 Forecast: Billionaire Warns EU Will FALL After Elite 'STOLE…
Soros’ Bleak 2017 Forecast: Billionaire Warns EU Will FALL After Elite ‘STOLE Democracy’
GEORGE Soros has warned voters have turned away from mainstream political parties as “many people felt that the elites have stolen their democracy”, in an alarming forecast for the European Union in 2017.
By JON ROGERS
11:48, Mon, Jan 2, 2017 | UPDATED: 13:24, Mon, Jan 2, 2017
The 86-year-old Hungarian-American said Brussels is “on the verge of breakdown” and could even fall under the influence of Vladimir Putin.
Writing in a blog, the highly influential businessman warned: “Open societies are in crisis, and various forms of closed societies – from fascist dictatorships to mafia states – are on the rise.
“How could this happen? The only explanation I can find is that elected leaders failed to meet voters’ legitimate expectations and aspirations and that this failure led electorates to become disenchanted with the prevailing versions of democracy and capitalism.
“Quite simply, many people felt that the elites had stolen their democracy.”
In the article, Soros, who is believed to have amassed a personal wealth of around $24.9billion (£20bn), partially blamed the rise of unregulated globalised financial markets and the inability of governments to redistribute wealth.
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