28 January, 2018
Soros, speaking at the World Economic Forum annual meeting in Davos, Switzerland, also warned that the United States is "set on a course of nuclear war" with North Korea by refusing to accept its nuclear power status.
Soros, who according to the Wall Street Journal donated $18 billion through his foundation previous year alone, tore into tech companies like Facebook and Google throughout his remarks. Social-media companies "deliberately engineer addiction to the services they provide", he noted. "Not only the survival of open society, but the survival of our entire civilization is at stake", Soros said.
Soros has been a consistent critic of Trump who is also in Davos, the first US president to attend since Bill Clinton in 2000.
George Soros understands Popper's rationale nearly uniquely well.
"The United States is set on a course toward nuclear war by refusing to accept that North Korea has become a nuclear power", he continued. But Soros further stated his belief that President Trump would not be around much longer, saying: "Clearly I consider the Trump administration a danger to the world. That's why I expect a Democratic landslide in 2018", he added.
The philanthropist said that as Facebook and Google grew into "ever more powerful monopolies", they began to hinder innovation, and "they have caused a variety of problems of which we are only now beginning to become aware".More news: Slick areas possible on roads, weather service says
He also warned of what he described as an "even more alarming perspective": the possibility that these companies, which hold personal data of millions of people, offer this information to state-sponsored surveillance services.
Tech and social media affect how people think and behave, according to Soros. Another disturbing possibility was that USA tech companies would "compromise themselves in order to gain entrance to these vast and fast-growing markets".
Soros suggested that this sort of manipulation "already played an important role in the 2016 U.S. Presidential elections".
Soros believes the monopolistic dominance of these companies will soon be broken by regulation and taxation, and that European Union competition chief Margrethe Vestager "will be their nemesis".
Speaking at the World Economic Forum on Thursday night, Soros warned that escalating tensions between the United States of America and North Korea now pose an existential threat to the current world order, and argued that the world must now accept North Korea as a nuclear power to prevent armageddon for the rest of the world.