30 November 2019

21st Century 'Noblesse Oblige' - or A New Age for An Emerging "Benevolent Aristocracy' ?????


Why it matters: By Mike Allen 
This Axios AM Deep Dive, ahead of Giving Tuesday, looks at America's homegrown and idiosyncratic system of philanthropy.
Politicians are accountable to the electorate. 
Charitable foundations and the billionaires who fund them, on the other hand, are accountable to no one.
  • Rob Reich, Stanford political scientist and author of "Just Giving," tells Axios: "Foundations are an unaccountable, nontransparent, perpetual, and lavishly tax-advantaged exercise of power."
The bottom line: 
Insofar as philanthropy has a positive effect, it does so via deeply undemocratic means.
Illustration of an origami crown made from paper money.






Axios AM Deep Dive
By Mike Allen ·Nov 30, 2019
This Axios AM Deep Dive, ahead of Giving Tuesday, looks at America's homegrown and idiosyncratic system of philanthropy.
  • Smart Brevity count: 1,492 words — a 5½-minute read.




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