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Stanford scholar Rob Reich on the Problems with Philanthropy
The public policies in the United States, and in many other countries, confer enormous privileges on philanthropists. Private foundations are largely unaccountable – no one can be unelected in a foundation, and there are no competitors to put them out of business. They are frequently nontransparent – more than 90 percent of the roughly 100,000 private foundations in the U.S. have no website. And they are donor-directed, and by default exist in perpetuity. Finally, it might seem that philanthropy is just the exercise of the liberty of people to give away their money. But philanthropy is generously tax subsidized, costing the U.S. Treasury more than $50 billion in forgone revenue last year. My book asks, do these policies orient philanthropy toward support of democratic institutions and the pursuit of justice? I argue that our policies fall very short. Too often philanthropy is not just giving.
Phianthropy  Stanford  Income  Inequality 
5 days ago by dbourn
Do the Rich Capture All the Gains from Economic Growth?
Studies that use panel data — data that is generated from following the same people over time — consistently find that the largest gains over time accrue to the poorest workers and that the richest workers get very little of the gains.
economics  inequality 
6 days ago by whip_lash
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty: Abhijit Banerjee, Esther Duflo: 9781610390934: Amazon.com: Books
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty [Abhijit Banerjee, Esther Duflo] on Amazon.com. *FREE* shipping on qualifying offers. <div><b>Two practical visionaries upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. </b></br></br>Why do the poor borrow to save? Why do they miss out on free life-saving immunizations
Abhijit  Banerjee  Esther  Duflo  book  economics  inequality 
7 days ago by mAAdhaTTah

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