Saturday, January 07, 2012
Robin Rogers, Washington Post
Robin Rogers, Washington Post
Governance Behind Giving
Globally, the top 1% controls 40% of all wealth. Their financial influence of these billionaires and millionaires infects everything from business to political policy to philanthropy. Yes, the machinations of the wealthy even strive to change our world through their "giving".
[WAPO] Along with this new class of the extraordinarily wealthy comes a new kind of philanthropy, practiced by individuals such as Warren Buffett, Bill Gates, Eli Broad, Michael Bloomberg, and eBay billionaires Jeff Skoll and Pierre Omidyar. This new philanthropy has brought an incredible infusion of resources to a range of important causes. But it also means that the very wealthy are setting the agenda on those causes — and along the way, setting policy priorities.
The wealthy have always pushed to affect policy through their philanthropy.
A new word has even been coined to describe this good-deedery, "Philanthrocapitalism". It makes no difference how the wealthy give, they only give to benefit themselves.
Read Full Washington Post Article
Posted by Editor on 01/07/12 at 09:23 AM •
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