George Soros Creates Migrant Foundation

George Soros wrote an article for Washing Street Journal in which he said that in the world today, there has been a massive movement of people. They have been displaced by forces beyond their control. Tens of millions of them are stray because they must flee from their homes to find better living conditions in other countries. These people are desperately seeking refuge from civil war, horrible economic conditions, and oppressive governments on opensocietyfoundations.org. They are embarking on a journey for the promise of a better life in other nations and the need help from host nations in order to integrate into society so that they can make a better life for themselves and their families.

There has been a great failure collectively by the world’s political entities to make policies that can properly handle the flow of people coming from migrant nations according to George. Human misery and instability within migrant communities is rising as a high rate. This is seen in the countries that are being fled as well as the countries people are fleeing towards. Refugees have to sit in despair unable to help themselves because their host countries are not in a position to reap the rewards of integrating these people into society. There is a governmental duty to do something about this. This is a crisis that must be addressed by making infrastructure that these migrants can rely on. Furthermore, George Soros says, private businesses have a key role to play in this task.

A symbolic call to action was put out by the Obama Administration to the United Nations. Leaders from all over the world are getting together to make plans that will get a solution rolling. US companies also need to do their part to make this work because the escalating challenges cannot be met without their help. George Soros wants to play a role in solving this global crisis and for that purpose, he has earmarked $500 million to help meet the needs of migrants, their communities, and related issues around the world. George Soros is going to spend that sum of money to invest in migrant startups, communities, companies and initiatives that aid them socially. He is targeting his help at the European migrant communities but he wishes to provide help to people from across the world who are suffering from displacement due to problems in their country.

George Soros is looking for investment venues across sectors. He believes that it will be a good idea to focus attention on digital technology especially the kind that allows people to transfer funds instantaneously. With the aid of this technology financial aid can be sent to migrants and refugees who have access to mobile devices. Source: http://www.nytimes.com/topic/person/george-soros

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