Aspen Ideas Festival

Philanthropy and Democracy: Dangerous Liaisons

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.

Philanthropy and Democracy: Dangerous Liaisons

1h 1m

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.

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