Philanthropy Is a Scam

[basquebromance]

The superrich often claim their philanthropy is meant to “change the world.” But it’s really meant to keep it exactly the way it is. The philanthrocapitalists’ true enemy is not inequality but populism.

If they can invent technologies that uproot the ways we work and live, the logic goes, they can figure out world hunger. As more billionaires promise to donate larger swathes of their fortunes, Big Philanthropy continues to grow as an auxiliary industry — working more quietly and garnering infinitely more influence than the philanthropy of the gala circuit.

The Gates Foundation Avoids a Reckoning on Race and Power

Can philanthropy decolonize? Only if wealthy donors grapple with the difference between giving away money and actually sharing power.

www.thenation.com

 

[Likkmee]

 

[basquebromance]

WHAT'S THAT

 

[Stann]

The superrich often claim their philanthropy is meant to “change the world.” But it’s really meant to keep it exactly the way it is. The philanthrocapitalists’ true enemy is not inequality but populism.

If they can invent technologies that uproot the ways we work and live, the logic goes, they can figure out world hunger. As more billionaires promise to donate larger swathes of their fortunes, Big Philanthropy continues to grow as an auxiliary industry — working more quietly and garnering infinitely more influence than the philanthropy of the gala circuit.

The Gates Foundation Avoids a Reckoning on Race and Power

Can philanthropy decolonize? Only if wealthy donors grapple with the difference between giving away money and actually sharing power.

www.thenation.com

I like Warren Buffet's version of philanthropy. He has helped make Omaha the great city it is by giving back to the community and he challenged all his rich friends here to do the same. They're doing it too!