Why Philanthropy Undermines Democracy and How It Can Do Better

Explore the complex relationship between philanthropy and democracy in this thought-provoking 42-minute talk from The Aspen Institute. Delve into the legal frameworks that shape charitable giving, including foundation creation, nonprofit establishment, and tax exemptions. Examine Rob Reich's critical analysis of philanthropy's impact on democratic societies, as presented in his book "Just Giving." Consider the distinction between individual philanthropy and private foundations, and evaluate Reich's argument for decentralizing power in the production of public goods such as arts, education, and science. Analyze the current shortcomings of philanthropy in supporting democracy and discover Reich's proposed solutions for redeeming its role. Gain insights into how properly structured philanthropy can contribute to a strong liberal democracy.