Society 'may not survive' Putin's war, says billionaire George Soros
Russia's invasion of Ukraine may have marked the start of "a third world war," and Russian President Vladimir Putin must be defeated "as soon as possible" if the world wants to preserve civilization.
That was the stark message that Hungarian-born billionaire and philanthropist George Soros delivered on Tuesday to attendees at the 2022 World Economic Forum in Davos, Switzerland.
"Even when the fighting stops, as it eventually must, the situation will never revert" to where it was before, warned the 91-year-old Soros.
"Other issues that concern all of humanity -- fighting pandemics and climate change, avoiding nuclear war, maintaining global institutions -- have had to take a back seat to that struggle. That's why I say civilization may not survive."
The former hedge fund manager, who is chair of Soros Fund Management LLC and founder of the Open Society Foundations, is famous for using his wealth to help foster open societies and create inclusive democracies with governments that are held accountable.
But after the events of September 11, he noted, the tide began to turn against open societies. As a result, "repressive regimes are now in the ascendance and open societies are under siege," he said Tuesday. "Today, China and Russia present the greatest threat to open society."
Open societies have governments that are diametrically opposed to governments in closed societies, Soros noted. "[In an] open society, the rule of the state is to protect the freedom of the individual. [In a] closed society, the role of the individual is to serve the rulers of the state."
Speaking about Putin and China's leader Xi Jinping, Soros said: "They rule by intimidation, and as a consequence they make mind-boggling mistakes."
He pointed to China and Russia as the greatest threats to open societies aided by the development of digital technologies and especially artificial intelligence. "In theory, AI ought to be politically neutral -- it can be used for good or bad. But in practice the effect has been asymmetric. It is particularly good at creating instruments of control that help repressive regimes and endanger open society," Soros said.
The billionaire also criticized China's "zero Covid" lockdown policy, saying it has had "disastrous consequences, pushing the Chinese economy into a freefall since March," with "negative results" for the global economy.
On a more uplifting but still somber note, he commended Ukraine for fighting for the western world's values.
"I think Ukraine today is rendering a tremendous service to Europe and to the western world and to open society and our survival because they are fighting our fight," Soros said. "They have a really good chance of winning...[W]e must give them all the support that they ask for."
CTVNews.ca Top Stories
BREAKING | Conservative party disqualifies Patrick Brown from leadership race
The Conservative Party of Canada's leadership election organizing committee says it has disqualified candidate Patrick Brown from the race. Election committee chair Ian Brodie says in a statement the party became aware of 'serious allegations of wrongdoing' by Brown's campaign that appear to violate financing rules in the Canada Elections Act.

Assembly of First Nations delegates reject resolution calling for chief's suspension
An emergency resolution before the Assembly of First Nations annual meeting to reaffirm the suspension of National Chief RoseAnne Archibald has failed in Vancouver.
Two young ER doctors quit Montreal jobs, blaming Quebec's broken health-care system and Bill 96
Two young emergency room doctors, raised and trained in Montreal, are leaving their jobs after only two years to move back to Toronto – and they say the Quebec health-care model and Bill 96 are to blame.
Tamara Lich breached conditions by appearing with fellow convoy leader: Crown
The Crown is seeking to revoke bail for Tamara Lich, a leader of the 'Freedom Convoy,' after she appeared alongside a fellow organizer in an alleged breach of her conditions.
Parade shooting suspect charged with 7 counts of murder
A man charged Tuesday with seven counts of murder after firing off more than 70 rounds at an Independence Day parade in suburban Chicago legally bought five weapons, including the high-powered rifle used in the shooting, despite authorities being called to his home twice in 2019 for threats of violence and suicide, police said.
Woman who was set on fire on Toronto bus has died, police confirm
A woman who was set on fire while on a Toronto bus in a random attack last month has died, police say.
Bank of Canada's rapid rate hikes likely to cause a recession, study finds
The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from the Canadian Centre for Policy Alternatives.
Canada is the first country to ratify Finland and Sweden's accession to join NATO
Canada became the first country to ratify Finland and Sweden's accession protocols to join the North Atlantic Treaty Organization (NATO), Prime Minister Justin Trudeau announced Tuesday.
Northern heatwave melts records in Yukon, Northwest Territories
A northern heatwave is melting records in Yukon and Northwest Territories, where temperatures climbed above 30 C in the Arctic Circle.