NEW YORK (Reuters) – Billionaire investor George Soros will partner with Mastercard Inc on a venture they said could help migrants, refugees and others struggling within their communities worldwide to improve their economic and social status.
The partnership, Humanity Ventures, stems from a pledge Soros made in September to earmark up to $500 million for investments to address challenges facing migrants and refugees.
In a joint statement on Thursday, Mastercard and Soros said that despite billions of dollars of humanitarian and development assistance, millions of people remain marginalized, a situation the private sector can help rectify.
“Migrants are often forced into lives of despair in their host communities because they cannot gain access to financial, healthcare and government services,” Soros said.
“Our potential investment in this social enterprise, coupled with Mastercard’s ability to create products that serve vulnerable communities, can show how private capital can play a constructive role in solving social problems,” he added…..
Private (disaster) capital has already demonstrated how it can play a destructive role in creating social problems. The resultant flood of refugees is now being “invested” in destroying what’s left of the middle class in the west. They never let a crisis (especially of their own making) go to waste. Now you know who’s paying for the food, transportation and shelter needed to funnel destitute refugees from US foreign policy to the southern border.
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