Reynaldo Tahulending’s Post

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Senior Business Professional | Strategic Business Growth and Client Engagement

Is philanthropy flawed? Critiqued as a necessary but flawed response to societal issues, philanthropy spotlights extreme wealth disparities, yet stands as a mediator of wealth and persistent inequality, prompting a need to maximise impact through strategic approaches The vast majority of wealth owners and managers recognise some responsibility in the face of the many societal issues locally and globally. Philanthropy is the positive link between the adversarial concepts of wealth and society; wealth invariably, although not always, comes at the expense of society. Philanthropy seeks to mitigate the effects of unfettered growth for the elite with the distribution of wealth and benefits to worthwhile causes. Philanthropy has been criticised as being fundamentally flawed. If wealth were more equitably distributed and governments had progressive tax systems, the argument goes, then there would be no need for philanthropy, and no need for individuals to fund basic human rights like access to food and water. Put another way, the reliance on philanthropy today highlights extreme and unjust wealth inequality.  Emma Saunders-Hastings, in her book, Private Virtues, Public Vices: Philanthropy and Democratic Equality, Paul Vallely in Philanthropy: From Aristotle to Zuckerberg, or Anand Giridharadas in Winners Take All: The Elite Charade of Changing the World, among others, provide a comprehensive review of prevailing criticisms... Read More : https://lnkd.in/gtC_XQjy

Is philanthropy flawed?

Is philanthropy flawed?

wealthandsociety.com

Stanley Lee

Helping Humans Survive Climate Change with Marketing and Product Management

8mo

I just read Anand Giridharadas's book criticizing this (see notes here: https://flawless-bowl-b2f.notion.site/Winners-Take-All-ecc6a59e4e324343bc50658d25a80e61?pvs=4 ). While I agree there are a lot of flaws, the power dynamics involved make fixing the situation tricky. What are your thoughts?

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