Soros said nationalism was making further headway around the world, and the 'biggest and most frightening setback' was in India.
Prime
Minister Narendra
Modi is "creating a Hindu nationalist state" in India,
said US financier and philanthropist George Soros on Thursday in a
speech attacking "would-be and actual dictators" in the
world.
Soros,
who was speaking at the World Economic Forum in Davos, said
nationalism was making further headway around the world, and the
"biggest and most frightening setback" was in India.
Soros
criticised rising populism internationally and picked out US
president Donald Trump, China’s Xi Jinping, Modi and Brexit.
He
described Trump as a "conman and the ultimate narcissist"
but said the current surge in economic strength for the United States
may have come too soon for the US leader as he faces re-election
later this year.
"Trump...
has managed to overheat an already buoyant economy. An overheated
economy can't be kept at the boiling point for too long," warned
George
Soros, credited with correctly predicting major market swings in
his career as an investor.
"If
all this happened close to the election it would have assured his
election. His problem is that the election is still 10 months away
and, in a revolutionary situation, that's a lifetime."
He
expressed alarm over Xi, who he said had broken with Communist Party
tradition by concentrating power around himself, with the Chinese
economy losing its previous flexibility.
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