Philanthropy & Democracy: Risky Liaisons

from  Aspen Ideas to Go

Apr 17, 2018

Big philanthropy can contribute to a democratic society by addressing problems that neither government nor the private sector will take on. Yet philanthropic institutions and foundations are institutional oddities within a democracy: exercises of power by the wealthy with little accountability, donor-directed preferences in perpetuity, and generous tax subsidies. What, if anything, confers democratic legitimacy on foundations? Might foundations be a threat to democratic governance? Or are there ...more

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