Recording of George Soros' Commencement Speech in June 1996 delivered at the Graduation Ceremony of the Academic Year 1995-1996. In his speech, he explains and redefines the concept of Open Society not in opposition with communism as a universal closed society but, drawing on Sir Karl Popper’s writing and several economic theories, in a reconsidered manner placing the notion of tolerance, diversity, development and novelty in the center.