The Dangers of Big Philanthropy

The Dangers of Big Philanthropy

It’s the season of giving. When you hear about a billionaire “giving back” — like Nike founder Phil Knight’s $400 million gift to Stanford, or hedge funder John Paulsen’s $400 million donation to Harvard — do you feel a warm glow? They...
Our Poverty Myth

Our Poverty Myth

If you’re poor, many Americans think, it’s your own fault. It’s a sign of your own moral failing. I don’t personally believe that, but the idea has roots in our culture going back centuries. In The Wealth of Nations, the foundational work of...
Zuckerberg’s Get-Away Car

Zuckerberg’s Get-Away Car

Let us now praise “Lord Zuckerberg, The Magnificent!” Mark Zuckerberg, the wunderkind of Silicon Valley who co-founded Facebook and amassed roughly a gabillion dollars in personal wealth, is now being hailed as a new giant of American altruism. This started after the...
A Model Philanthropist

A Model Philanthropist

When you get fed up with all the greed and narcissism that seems to rule our country, a good way to restore your faith in humankind is to reflect on the generosity of people like Ron Read — a philanthropist from Dummerston, Vermont. Read was no splashy,...