Citizens of oil producing nations must see more benefit from their country’s national resources, billionaire investor George Soros has told the BBC.
Mr Soros also predicted the Iranian regime would be overthrown in the “bloodiest of the revolutions”.
And he said the US and Europe needed to more actively support the revolutions in Libya and elsewhere so that the new regimes will co-operate with the West.
“It’s very important that Europe and the US should be in front of the revolution rather than behind it because if they are behind it, they are going to lose the allegiance of the new regimes that are emerging and if they are properly supported they will be democratic regimes and it will be a tremendous improvement.”
