"There is a sort of fundamental misconception in President Bush's mind," Soros told the 3,000 delegates at the forum. "When Bush says freedom will prevail, he means the American will shall prevail."

Soros went on: "We may be wrong, this is something that he just doesn't seem to admit."

"He seems to think that we ought to be right, we are the dominant power in the world, therefore we must be right," he told the panel in Jeddah – which just happens to be Osama bin Laden's hometown.

"That is very dangerous because that comes very close to saying that might is right."

Soros poured nearly $30 million into various Democratic Party groups in a bid to defeat Bush in last year's election.

Editor's note: