George Soros argues that democracy “is now in crisis” and that Donald Trump ‘s election and anti-European Union sentiment will help to empower dictators around the globe. In a wide-ranging Project Syndicate column published Wednesday, the billionaire Hungarian-born financier outlined the causes of what he said “led electorates to become disenchanted with the prevailing versions of democracy and capitalism.” He argued that “many people felt that elites had

stolen their democracies,” contributing to the British vote to leave the European Union, Trump’s election and the recent Italian referendum seen as another blow to the EU . Soros, a major Democratic donor and Hillary Clinton supporter, contended that global income inequality and a failure to redistribute wealth led to a revolt against the established political system. But he said that those trends will help to energize leaders who have consolidated power, like Russian President Vladimir Putin. FULL REPORT