Why Philanthropy Doesn’t Compensate For Obscene Wealth Inequality
My previous posts have dealt with the fact that, even in the midst of a catastrophic pandemic, the ultra-rich are getting richer. However, it is well known that many of these obscenely wealthy people have given millions, and in some cases billions, to “good causes”. Surely this makes up, at least to some extent, for worsening global wealth inequality? In my last entry I made the point that the ultra-wealthy are, as a group, highly competitive: even to the extent of, in some cases, competing regarding how much of their wealth they give away!

Read more Why Philanthropy Doesn’t Compensate For Obscene Wealth Inequality