Russia’s attack of Ukraine endangers to be the “beginning of the third world war” that can spell the end of civilization, George Soros has actually advised.
Soros slammed Vladimir Putin and also Chinese President Xi Jinping at the World Economic Forum in Davos, where he warned that dictatorships were on the rise and also the international economy was going to depression.
With the mood in Davos currently downbeat as a result of the war in Ukraine, Soros ramped up the gloomy rhetoric to new heights.
“The invasion may have been the beginning of the third world war and our civilisation may not survive it,” he said.
“The invasion of Ukraine didn’t come out of the blue. The world has been increasingly engaged in a struggle between two systems of governance that are diametrically opposed to each other: open society and closed society.”
The 91-year-old former hedge fund owner said the trend turned against open societies after the Sept. 11, 2001, terrorist attacks in the USA. “Repressive regimes are now in the ascendant and open societies are under siege. Today China and Russia present the greatest threat to open society.”
Soros, who led the speculative financial attack that drove the pound out of the European currency exchange rate mechanism thirty years ago, said Europe had responded well to the crisis triggered by the Russian invasion.
“It will take a long time to work out the details, but Europe seems to be moving in the right direction. It has responded to the invasion of Ukraine with greater speed, unity and vigour than ever before in its history.”