Plutocrats at Work

Plutocrats at Work

5/9/2016

link

https://www.dissentmagazine.org/article/plutocrats-at-work-how-big-philanthropy-undermines-democracy

summary

This article examines the influence of big philanthropy on democracy and highlights the potential risks and drawbacks associated with it. It argues that while philanthropy can have positive impacts, it can also undermine democratic processes by allowing wealthy individuals and corporations to exert significant influence over public policy and decision-making. The article discusses examples of how large-scale philanthropic initiatives can bypass democratic institutions and concentrate power in the hands of a few unelected individuals. It also addresses concerns related to accountability, transparency, and the potential for philanthropy to perpetuate existing power structures. The author calls for a critical examination of the role of big philanthropy in society and suggests the need for policies and regulations to safeguard democratic processes.

tags

philanthropy ꞏ democracy ꞏ plutocracy ꞏ inequality ꞏ big money ꞏ social justice ꞏ wealth inequality ꞏ corporate power ꞏ elite influence ꞏ political influence ꞏ democratic process ꞏ wealth concentration ꞏ social change ꞏ economic power ꞏ grassroots movements ꞏ philanthropic organizations ꞏ political donations ꞏ public policy ꞏ civil society ꞏ campaign finance ꞏ power dynamics ꞏ lobbying ꞏ political activism ꞏ social movements ꞏ economic elites ꞏ democratic ideals ꞏ policy advocacy ꞏ public interest ꞏ social welfare ꞏ democratic governance ꞏ public discourse ꞏ money in politics ꞏ philanthropic foundations ꞏ public accountability ꞏ social impact ꞏ philanthropic giving ꞏ wealth redistribution ꞏ political campaigns ꞏ civic engagement ꞏ political economy ꞏ democratic institutions ꞏ financial influence ꞏ political power ꞏ philanthropic influence ꞏ social inequality ꞏ grassroots activism ꞏ democratic participation ꞏ democratic reform ꞏ economic democracy ꞏ influence peddling ꞏ democracy promotion