Thursday, March 01, 2012


"still known as the man who broke the Bank of England."

Back when the Tea Party movement was getting news after months of shunning by the legacy media, the Koch Brothers suddenly came up and started being criticized by the left. Before that few had heard of these men and nobody on the left cared who they were. Why then? Well, the left had a narrative, that the Tea party wasn't really grass roots and that they were being funded and ginned up by the GOP and right wing special interests.

While that is laughably false and has been totally destroyed over and over (I'm not going to do it again here) it was comforting and useful to the left, who can't really do grass roots any more these days.

These two men are industrial billionaires who tend to donate to libertarian causes, but also will support some environmental concerns and other events. Like many Americans, they put their money to work helping political and social causes they care about.

However, unlike almost any American, they are the poster boys for evil that the left keeps yelling at. For years, however, the right has complained about George Soros. Like the Koch brothers, he's a man who spends money on causes he feels strongly about, and spent millions trying to stop President Bush in 2004. He's a strong leftist and has set up many funds to prop up various hard left organizations such as the Tides Foundation and Media Matters.

The left has no problem with Soros, they consider him a hero, a saint, a true American for fighting against the right. The Koch brothers, however, they consider evil, and accuse them of corrupting politics with their filthy corporate money.

The strange thing is, if you go anywhere outside the US, anyone who's heard of either of these men tend to think nothing about the Koch brothers and despises George Soros. The problem is that as an investor, he's destabilized world currencies and caused chaos and economic destruction to enrich himself wherever he's gone. Dan Gainor writes:
Soros has been convicted of insider dealing in France and fined $3 million, fined another $2 million in his native Hungary.

His “foundations have been accused of shielding spies and breaking currency laws” and his investing strategy has been targeted for harming several national currencies.

“His fund was fined $2 million by Hungarian regulators last week for having manipulated OTP’s stock price,” wrote The New York Times in 2009.

Even when he has steered clear of legal ramifications, he had some questionable dealings. In 1999, New York Times economist (and now Nobel Prize winner) Paul Krugman skewered Soros in a piece for

The story, “Don’t Blame It on Rio … or Brasilia Either,” accused Arminio Fraga Neto of working with Soros in his role as president of Brazil’s central bank. Fraga was upset, saying he “did not have access to any privileged information” and Krugman posted a formal apology saying “Fraga has behaved entirely properly.”
Soros created his Open Society Fund in 1979, and in his book he describes it as "basically selfish" and made for his children as a legacy. He uses it to manipulate governments, currency, and events. For example, he supplemented the income of the Georgian government for years with the fund.

Soros manipulates events because they make him richer, its all part of a massive business scheme that given his destruction of monetary systems in various nations would make him a great James Bond vilain, not a leftist hero.

So why is Soros beloved by the left's cast of pundits and why are the Koch brothers hated? Well, first off, they donate differently. Soros funds leftist causes, the Koch brothers libertarian. That means they are on opposite sides in terms of power. The left is willing to forgive whatever Soros does (and he's done some truly evil things in the past), because he pours money into their hands for their schemes and efforts.

On the other hand the Koch brothers help fund their foes, and thus any good thing they do is ignored and they're hated. But the distinction goes beyond that. The Koch brothers are very useful to the left. Once President Bush was out of office, all that energy, all that anger, all that hate that the left had stoked up in their rank and file was dissipated. They didn't have that Emmanuel Goldstein to scream at once a day on schedule.

So they needed another satan, another enemy to target to help keep that passion up. Enter the Koch Brothers, billionaire businessmen who donate to the wrong people. Sure, they donate to organizations like Planned Parenthood and the ACLU too, but that's not the point. They are evil, evil for helping men like Governor Walker. And its just too convenient to pass up.

The distinction is interesting to watch, at least for me. They're almost arbitrary in this divide. Its not like the Koch brothers are pure as wind-driven snow or Soros is as evil as possible, but on the whole the left is lionizing the bad guy and demonizing just another couple of businessmen.

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