Legendary investor George Soros stressed today that the war in Ukraine should end early, as it distracts from climate change and therefore threatens civilization, according to foreign agencies.
“While the war is raging, the fight against climate change must take a back seat. However, experts tell us that we are already far behind and that climate change is on the verge of becoming irreversible,” Soros told the World Economic Forum in Davos, Switzerland.
“Other major issues for all of humanity – fighting pandemics and climate change, preventing nuclear war, preserving world institutions – have been left behind by the war,” he said. “That’s why I say our culture may not survive.”
The 91-year-old investor harshly criticized Russian President Vladimir Putin and Chinese President Xi Jinping, saying they threatened an open society.
“What do the two dictators, Vladimir Putin and Xi Jinping, have to show? They are bound together in an alliance that has no boundaries,” he said. They both rule by bullying, and as a result make “incredible mistakes.”
He also noted that President Xi’s zero-sum policy has catastrophic economic consequences in China, and that along with the previous real estate crisis, the damage now threatens the global economy, disrupting global supply chains.
Soros also sharply criticized former German Chancellor Angela Merkel for making special deals with Russia over gas, while making China the top market for German exports. Merkel’s successor, Olaf Soltz, “always seems to be doing the right thing – in the end,” he said.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
