Last week, I wrote about the ins and outs of the Soros Succession in which George is handing over control over his political empire to a younger son, Alex.
George Soros has become infamous for his grandiose political network and its ambitious global plans. There are signs that Alex Soros is a more conventional and less out-of-the-box thinker than his father.
And then there’s the age factor.
The elder Soros was at an age where he needed to build a legacy, Alex Soros is 37 and isn’t watching the clock. There are signs that he’s retooling Soros Inc. to a more reasonable size and scope.
The grant-making network founded by far-left kingmaker George Soros plans to gut staffing by at least 40% in the coming months.
Open Society Foundations — which earlier this month confirmed the 92-year-old progressive billionaire was handing control of his empire over to his 37-year-old son Alexander — confirmed through a spokesperson there will be “significant changes” to its operating model, including “a substantial reduction in headcount of no less than 40% globally,” Bloomberg News reported…
“The board aims to transform operations across the global network, with the goal of generating a nimbler organization,” said a statement by the younger Soros and the nonprofit’s president Mark Malloch-Brown. “While Open Society works on these internal changes, the board remains firmly committed to the foundations’ core priorities — democracy, human rights, climate justice, and addressing inequity.”
Is any of this good news for conservatives? Probably not.
As I wrote in the Soros Succession, Alex Soros is likely to oversee a more conventional Democrat network. That means he won’t take the kind of big ambitious bets that led to things like the Secretary of State Project of the Democracy Alliance which proved quite effective for lefties and disastrous for conservatives.
But it also means he’s likely to shift away resources from the global stage (I suspect Alex cares a whole lot less about Germany or Hungary, or most of the world, than his dad) to focus more on American politics. For Jews, there’s an added misfortune. Alex, unlike his older half-brothers, is Jewish and identifies as such. He’s going to go on investing in leftist organizations aimed at going after and corrupting the Jewish community, rather than just anti-Israel groups like his father.
On the plus side, the global footprint of Soros Inc is likely to shrink, the American one may grow and be more directly aligned with Democrat priorities.
Alex Soros has said he’s more political than his father. By that he means he’s more invested in the Democrats. The Democrats will enjoy more Soros resources, but benefit from fewer of George Soros’ big visionary schemes.