George Soros Quotes
Since armed conflicts and repressive regimes may pose dangers beyond the borders of the countries concerned, all democratic nations have an interest in overcoming collective action problems and promoting open societies all over the world. The earlier preventative actions begins, the less costly and more effective it is likely to be.
George Soros, Financier & Philanthropist, “The People’s Sovereignty,” Foreign Policy, January/February 2004
Sourced by: Eigen's Political and Historical Quotations
One major problem at the time was that the Soviet Union was supporting and instigating revolutions in many parts of the world. When most nations of the UN wanted to provide peace keeping troops to quell the conflict, the Russians would veto and block the effort, Vandenberg wanted the UN to change the rules regarding the veto. The original right of veto for the major nations was originally included at the insistence of the United States and many Americans did not want to give it up or have any exceptions lest there be more. The Russians at that time also did not want to give up any of their veto powers. Another method that Vandenberg wanted to solve the Russian peacekeeping blockage problem was for America to engage in more collective security pacts so that action could be taken without UN Security Council unanimity by going around the UN.
This was a very important statement for the President to make. At the time there was a very conservative right wing that was advocating withdrawing from the UN or at the very least not paying such a large share of the UN funds for operation.
The Republican controlled Senate had turned down the ratification of the League of Nations presented by Democratic President Wilson, and looked like they would turn down any international treaty even if presented by a Republican President. This statement allowed the treaty ratification by only a few votes. However, after that the Senate turned down our participation in the Permanent Court of Arbitration at the Hague. See {640099}.
George Soros, HonFBA is a Hungarian-born American billionaire investor and philanthropist. As of March 2021, he had a net worth of US$8.6 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion have already been distributed, representing 64% of his original fortune, making him the "most generous giver" (in terms of percentage of net worth) according to Forbes.