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Philanthrocapitalism
Today, corporate philanthropists like Bill and Melinda Gates receive almost exclusively
positive media coverage. For example, in a 2015 online account, they were called the “most
generous humans ever.”15 In 2018, Business Insider listed them among the “25 Most Generous
Philanthropists in America Today.”16 These evaluations are based on the immense private wealth
that the family funnels into their private foundation for distribution. But this media coverage also
shows us that the Gates, and their billionaire colleagues, are effectively framed as generous.
They distribute foundation money in ways that make it difficult to criticize them, particularly
since their funding is intensely sought after by many institutions, including Duke.
KARNEGI
He believed that vast wealth made him and his
class inherently superior and more capable than charities, governments, or workers of making
executive decisions about the direction and amounts of redistribution. This kind of self-righteous
and elite ideological mindset, which wants to control people and societies for private profit,
continues with the Bill & Melinda Gates Foundation.
IZ ISTORIJE
Helke Rausch writes in “The Birth of Transnational US Philanthropy”
(2018) that investigative journalists, in turn, viewed Rockefeller as the “dark archangel of
corporate capitalism, especially when brutally suppressing industrial unrest” (651). He was
commonly referred to as the “most hated man in the world” because of his brutal business
practices and union busting (Hall 2013, 145). Referring to the Rockefeller Foundation, Theodore
Roosevelt was quoted as saying that “no amount of charities in spending such fortunes can
compensate in any way for the misconduct in acquiring them” (Hall 2013, 146). Certainly, the
poor and working classes who were his victims also understood that Rockefeller created the
foundation to protect and consolidate his wealth and political power and gain favor (Hall 2013,
145; Rausch 2018, 651; Zunz 2014, 21).
Philanthrocapitalism
Today, corporate philanthropists like Bill and Melinda Gates receive almost exclusively
positive media coverage. For example, in a 2015 online account, they were called the “most
generous humans ever.”15 In 2018, Business Insider listed them among the “25 Most Generous
Philanthropists in America Today.”16 These evaluations are based on the immense private wealth
that the family funnels into their private foundation for distribution. But this media coverage also
shows us that the Gates, and their billionaire colleagues, are effectively framed as generous.
They distribute foundation money in ways that make it difficult to criticize them, particularly
since their funding is intensely sought after by many institutions, including Duke.
KARNEGI
He believed that vast wealth made him and his
class inherently superior and more capable than charities, governments, or workers of making
executive decisions about the direction and amounts of redistribution. This kind of self-righteous
and elite ideological mindset, which wants to control people and societies for private profit,
continues with the Bill & Melinda Gates Foundation.
IZ ISTORIJE
Helke Rausch writes in “The Birth of Transnational US Philanthropy”
(2018) that investigative journalists, in turn, viewed Rockefeller as the “dark archangel of
corporate capitalism, especially when brutally suppressing industrial unrest” (651). He was
commonly referred to as the “most hated man in the world” because of his brutal business
practices and union busting (Hall 2013, 145). Referring to the Rockefeller Foundation, Theodore
Roosevelt was quoted as saying that “no amount of charities in spending such fortunes can
compensate in any way for the misconduct in acquiring them” (Hall 2013, 146). Certainly, the
poor and working classes who were his victims also understood that Rockefeller created the
foundation to protect and consolidate his wealth and political power and gain favor (Hall 2013,
145; Rausch 2018, 651; Zunz 2014, 21).
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