George Soros, billionaire investor recently donated $500 million to support migrants and refugees found businesses. He is encouraging other wealthy people to follow his example. Soros claims that the ineffective policies for dealing with the increased flow of immigrants and refugees is contributing to the human misery and political instability in all countries involved. He claims that refugees are often forced into idle despair, while the countries that are hosting them lose out on the benefit of greater integration within society.
Soros points out that government should play a role in creating a better environment for refugees, however he points to the power of the private sector as the key to solving the problems experienced by these people. The recent donation made by George Soros has been designated to specifically help migrants’ refugees and host communities to create a better solution. Read more at The New York Times about George.
He says he will invest in startups, already established companies, and businesses founded by migrants and refugees. His focus will be on migrants and refugees in Europe however he will look to benefit them throughout the world. He says the investment will complement his foundations other involvement including emerging digital technology. He feels that this will provide solutions to the problems of dislocated people. He believes this will provide for people to gain access to government legal financial aid and health services.
George Soros claims that private businesses are currently investing in these services for non-migrant communities. He wants to show how private capital can play a constructive role in helping solve the immigration problems facing many countries. He plans to work with the office of the United Nations High Commissioner for Refugees and International Rescue Committee to create ways to best use the funds. His main goal though, is to help dislocated people gain access to the services in their new communities, and to have the opportunity to rebuild their lives.
Learn more about his profile at businessinsider.com.