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03/16/23 6:04 PM

#439162 RE: newmedman #439160

Stanford scholar addresses the problems with philanthropy

https://news.stanford.edu/2018/12/03/the-problems-with-philanthropy/

In an age of massive and rising inequality, we also see rising levels of philanthropic activity among the very wealthy. The two go hand in hand.

This might seem an uncontroversially good thing, a mechanism for the wealthy to return some of their wealth to society. It can indeed be a good thing, but the starting point of my analysis is that big philanthropy is an exercise in power – the direction of the private assets of wealthy people toward some public influence. In a democratic society, wherever we see the exercise of power in a public setting, the response it deserves is not gratitude but scrutiny.

(also, I give to your cause, you help me with mine,,,,favor for favor)