With the widespread adoption of computer and network technology, many elements of the techno lexicon have entered the mainstream. Some of these are the various concepts related to the art of hacking on Snopes. At first, the term hacking had perfectly benign connotations, simply denoting the act of writing code. Slowly, it began to take on darker subtexts as it became associated with those few geniuses who were capable of wreaking havoc by gaining unauthorized access to computer systems on Forbes.
But since 2010 or so, the term has once again been rehabilitated to its original state, often carrying perfectly benign, pro-social connotations. However, it is the concept not of the computer-based security hack but of the life hack that most appropriately applies to George Soros. In fact, in terms of life hacking, George Soros may be the prototypical and best life hacker there’s ever been. At its core, Soros’ activities have simply consisted of finding legal exploits, holes in the system which allow an astute observer to profit. George Soros’ ability to see exploits that others cannot has allowed him to amass one of the largest fortunes on earth and to earn the place as, perhaps, the greatest trader who ever lived.
One man wrecking crew
One of George Soros’ greatest plays, indeed, one of the greatest trades in history, was his $10 billion short sell of the Pound Sterling in 1992. The British government had attempted to peg the Pound to the German Mark. But the latter was a strong currency which was backed by Germany’s formidable industrial economy. Under treaty to maintain fixed exchange rates with the Mark, the Pound began deflating on all markets outside the Exchange Rate Mechanism, the treaty which established the fixed exchange rates. George Soros and other currency speculators smelled blood in the water and began shorting the pound, which Britain was required under the treaty to exchange at parity with the Mark but the real value of which was rapidly plummeting. Finally, the Bank of England was forced to withdraw from the ill-conceived treaty. Soros pocketed $1 billion on the deal for roughly a day’s work.
But Soros’ talent for spotting life hacks extends beyond the financial markets. Recently, George Soros discovered that by replacing prosecuting attorneys across the United States he could affect rapid change and shift local judicial systems towards progressive approaches. Soros saw an opportunity to get progressive candidates into the one job that holds almost unilateral power in deciding who goes to jail and who goes free.
From Colorado to Florida, he has defeated conservative incumbents by infusing their opponents’ campaign coffers with massive amounts of cash. Those quantities involved are relatively small for someone of Soros’ wealth. But the installation of progressive prosecutors has had a dramatic effect on the way in which local justice is delivered. Already, there have been fewer minority convictions and low-level drug offenders have been diverted from certain jail sentences to treatment programs. This is a great victory in the eyes of Soros’ and another example of his keen sense of exploiting loopholes to get the results he desires.