Facebook is decieving: George Soros

Posted January 28, 2018

Soros also denounced President Donald Trump, who he accused of trying to establish a "mafia state".

You can read a transcript of Soros' full remarks at Davos here.

Karl Popper's introduction to his classic book The Open Society and Its Enemies mentions "reactionary movements which have tried, and still try, to overthrow civilization and to return to tribalism".

He is the president of Soros Fund Management and founder of Quantum Fund, and is considered one of the richest men in the world, according to estimates by Forbes magazine. "Indeed, the United States is set on a course towards nuclear war by refusing to accept that [North] Korea has become a nuclear power".

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The Hungarian-born Jewish octogenarian then turned to social media giants Facebook and Twitter, describing them as a "menace" and warning against the monopolistic power they hold.

Despite their monopolization of digital platforms, these companies (European regulators usually add Amazon and Apple to the list), have shirked most of their obligations.

However, he predicts that the Trump administration is a "temporary phenomenon that will disappear in 2020, or even sooner".

Soros compared the platforms to gambling businesses, saying they may be permanently damaging to human attention, while speaking at a World Economic Forum dinner in Davos.

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Though both Soros and Benioff are known for their strong opinions and political activism, their words come at a particularly sensitive time for the internet giants, which are grappling with a very public backlash in the wake of the 2016 U.S presidential election. The business magnate believes US internet-service companies are already tempted to give into the demand of authoritarian states in order to gain access to their markets. But Soros' main concern is the speed with which these companies took over the world.

The temptation to among these companies to cooperate with authoritarian regimes like China in order to get access to those markets "may well result in a web of totalitarian control the likes of which not even Aldous Huxley or George Orwell could have imagined".

In her speech at the World Economic Forum yesterday, Theresa May said: "These companies simply can not stand by while their platforms are used to facilitate child abuse, modern slavery or the spreading of terrorist and extremist content".

And he expressed worry about the European Union's future, saying that the bloc is "in a revolutionary period" where Russian Federation again has arisen and the EU is in disarray.

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