longtime business partner, Jim Rogers,rnbut also from his wife, Annalise, whomrnhe had met and married in 1961. Whilernthe pressure of his work had taken a tollrnon his marriage, Soros admits that “myrnwife had been very supportive, very tolerantrnof my involvement in business,” andrnattributes the breakup to his own attitude.rnHe describes “a rather wild period”rnin whieh he “deliberately loosenedrnthe constraints under whieh I had beenrnoperating.” It was, he reflects, a good investmentrnstrategy: “The result was, ironically,rna period of absolutely fantasticrnperformance. We practically doubledrnour money in each of the next two years.rnThe fund jumped from $100 million tornalmost $400 million.”rnSoros’s concept of his divorce as an investmentrnstrategy is stunning in its utterrninnocence of any wrongdoing, a completernincomprehension of the repulsionrnthis divine narcissism engenders in merernmortals. In Soros on Soros, he tells us hernmet his future wife on the day he andrnAnnalise were legally separated. In whatrnhas got to be one of the worst pick-uprnlines on record, he confided to 22-yearoldrnSusan Weber, a recent acquaintance,rn”I just got separated from m wife today.rnWould you like to have lunch?”rnSoros’s personal coldness permeatesrnhis philosophy, Sorosian N4an is a curiouslyrnabstract, stripped-down being, devoidrnnot only of ordinary human feelingrnbut also of nationality. Soros, the selfproclaimedrn”stateless statesman,” hatesrnall nationalism, especially the Americanrnvariety. Tradition and religion are evidencernof “dogmatic thinking.” Morerngodlike than human, Sorosian Man hasrnnot even the fear of death. While claimingrnto be a disciple of the philosopherrnKarl Popper—whom Soros tried to interestrnin his ideas, without success—HernWho Moves Markets is actually a nihilistrnwho believes that “all mental constructsrnare flawed” and no true knowledge isrnever possible. Everything is uncertain,rnand “the question is, can we have a set ofrnbeliefs based on the recognition that ourrnbeliefs are inherently flawed?” It is anrninvestor’s view of the world that he projects;rnreality, like the market, is in constantrnflux, unpredictable, often capricious;rnit is not true or false, but only up orrndown. Soros proposes that “we needrnthree categories—true, false, and reflexive.”rnThis pseudo-philosophical doubletalkrnis not without a point, for “then wernneed to revise thoroughly our view of thernwodd.” What especially needs revision isrn”a widespread belief that markets arernperfect.” While admitting that this beliefrnis “based on the recognition that governmentrnregulations fail to fulfill theirrnobjective,” that is not the whole truth;rn”If you introduce a third category ofrntruth, the reflexive, it becomes apparentrnthat the failure of regulation does notrnmean that free markets are perfect andrnvice versa. Both arrangements are flawedrnand the choice between them is reflexive.”rnSoros theorizes that in the market forrnideas, as in the market for stocks andrnbonds, the trend-following “herd” mentalityrnpredominates. Again, Soros drawsrnthe analogy with the financial markets,rnand maintains that, since all markets alwaysrnovercorrect, in rejecting Marxianrnsocialism, we are now faced with thernspecter of an overcorrection in favor ofrnlaissez-faire.rnWhat kind of a system would we havernif Sorosian economics took hold? Apartrnfrom vague references to “social justice,”rnwe are given a concrete example in Sorosrnon Soros. In answer to a question aboutrnwhy he changed his mind and decided torninvest in Eastern European countriesrnwhere his foundations have gained somerninfluence, Soros declares that, in Russia,rnthe situation is so desperate that “thernpursuit of an abstract good like the openrnsociety hard!)- seems credible. I madernthe decision to start investing last yearrnat the height of the robber capitalistrnepisode. It seemed to me that to appearrnas a robber capitalist who is concernedrnwith cultural and political values wasrnmore credible than to be a disembodiedrnintellect arguing for the merits of openrnsociety. I could serve as a role model forrnthe budding robber capitalists of Russia.”rnHe could serve as a model for robberrncapitalists everywhere. For here is a manrnwho pioneered—and greatly profitedrnfrom—the financial instruments knownrnas derivatives now declaring, in testimonyrnbefore Congress, that he wants to banrnderivatives. This is the typical pattern ofrnrobber capitalist behavior; make yourrnbundle, and then lock out the competition.rnYet it would be a mistake to write offrnSorosism as pure self-aggrandizement;rnhe is far more ambitious than that. As hernhas often said, the money is just a meansrnto an end, and Soros is busy giving itrnawa-. He spent $1.1 billion trying to usherrnin an “open society” in Russia andrnEastern Europe. In 1995, he gave awayrn$350 million, largely to his overseas foundations,rnand now has turned his sights onrnthe West, the United States in particular.rnHe recently pledged to devote half of hisrnannual giving to five domestic issues;rn”immigrants rights,” drugs, death andrndying, education, and reforming therncriminal justice system.rnHis Project on Death in America is arnconsortium of experts who are far toorncautious to come out in favor of legalizedrneuthanasia, although Soros says he cannotrnsec why not. While “there is just asrnmuch death as there is sex,” says Soros,rnthe former is just not talked about.rnThis death fixation complements anrnother arm of the Soros propaganda machine,rnand that is the fantastically successfulrnlobby for U.S. military interventionrnin Bosnia. Soros is the chiefrnfinancial angel of the American Committeernto Save Bosnia (ACSB), the activistrnarm of a network that includes thernBalkan Institute and the Action Councilrnfor Peace in the Balkans, whose letterheadrnreads like a Who’s Who of all thernmost respectable precincts of the politicalrnspectrum; Norman Podhoretz,rnRichard Perle, and Jeane Kirkpatrick joinrnhands with Hodding Carter, HenryrnLouis Cafes, Saul Bellow, Fouad Ajami,rnand the omnipresent Susan Sontag inrnlobbying for intervention on behalf ofrnthe Bosnian Muslims. Council on ForeignrnRelations types such as ZbigniewrnBrzezinski and Frank Carlucci standrnalongside celebrities Walter Cronkiternand international jet-setter Bianca Jagger,rnin solidarity with the Iranian mullahs’rnEuropean colony. Balkan InstituternExecutive Director Marshall Harris andrnAssociate Director Stephen Walker arerntwo of the three officials who quit thernState Department in a huff in Augustrn1993, because the administration wasn’trnhawkish enough for their tastes; they alsornhead up the ACSB. According to Walker,rnthe Action Council—chaired byrnHodding Carter—was entirely the creationrnof John Fox, Soros’s man in Washington.rnYet Soros, the Stateless Statesman,rnis also faceless; his name does notrnappear on any of these letterheads, andrnFox is similarly anonymous.rnOverseas, Soros is bolder; he is notrnafraid to embrace Macedonian PresidentrnKiro Gligorov, a career communist bureaucratrnwho came up through the ranksrnof the Tito-era Yugoslav CommunistrnLeague. Soros supports him on therngrounds that he is the president of the region’srnonly genuinely multiethnic state.rn42/CHRONICLESrnrnrn