2015 article in Jacobin by Linsey McGoey (11.10.2015)
Global North or South, private foundations are part of the problem, not the solution.
Noting that philanthropic foundations “are plutocratic by nature,” Reich asks an important question: are unaccountable philanthropic organizations such as the Gates Foundation compatible with democracy?
The recent announcement that Jeff Bezos is donating the bulk of his vast fortune to charity should be recognizable to everyone at this point: it’s a tried-and-true scheme to rehabilitate his public image while avoiding paying taxes.
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