JVP criticizes Ranil for inviting ‘The Man Who Broke the Bank of England’

Nov 09, 2015 (LBO) – The Marxist JVP on Monday criticized Prime Minister Ranil Wickremesinghe for inviting Hungarian-born American businessman George Soros to Sri Lanka, one of the 30 richest people in the world.

Presenting third-generation economic reforms in Parliament Wickremesinghe revealed that world famous author and billionaire investor George Soros will be participating in an economic summit in Sri Lanka in the near future.

A supporter of progressive liberal political causes, 85 year old Soros has donated more than 11 billion US dollars during the past 35 years.

He also played a significant role in the transition from communism to capitalism in Eastern Europe in 1980s.

Soros is best known as “The Man Who Broke the Bank of England” because of his short sale of 10 billion US dollars in pounds, making him a profit of 1 billion US dollars during the 1992 Black Wednesday UK currency crisis.

“He has been charged 940,000 Euros for insider trading by a French Court in 2006. Soros is accused of being responsible for the financial crisis that occurred in Eastern Asia in the 90s,” JVP Leader Anura Dissanayake said.

“It is such a man that Prime Minister has invited to Sri Lanka,” he added.

His foundation, ‘The Open Society Foundation,’ operating in over 100 countries, recently announced its plans to support Good Governance in Sri Lanka.

Soros’ writings focus on the concept of reflexivity, where the biases of individuals enter into market transactions, potentially changing the fundamentals of the economy.

He says that market fundamentalism is the largest current threat for open society.