Philanthrocapitalism

"Soros is notorious for making vast profits by precipitating the financial destruction of entire economies. In 1992, he forced the United Kingdom out of the European Exchange Rate Mechanism and into recession by shorting sterling, making an estimated $1 billion in a single day. He has also been blamed for triggering the East Asian financial crisis in 1997 by short-selling the Thai baht and the Malay ringgit, and was accused of playing a role in speculative attacks on the yen in 2013. But liberal elites around the world laud Soros for channelling large quantities of his dubiously earned wealth into philanthropic projects — primarily through his Open Society Foundation, which promotes democracy, free markets, and economic development around the world."