It’s one of the primary mechanics for how capital controls the execution (or not) of policy.
Very powerful tool.
It’s one of the primary mechanics for how capital controls the execution (or not) of policy.
Very powerful tool.
The bigger issue is a ton of foundations are just bribery enabling organizations. There's a reason pretty much every politician and rich person has one.
Donate $10k and the foundation can pay for a lavish speaking engagement in the Bahamas. The foundation head can give a 10 minute $50000 talk about how poverty is bad and then they enjoy the open bar and conversations with rich and powerful people.
Let's be frank, the average citizen isn't giving a dime to the George Clooney foundation for justice [1]. So you have to ask, why does such a foundation exist?
[1] https://cfj.org/
[1]: https://projects.propublica.org/nonprofits/organizations/813...
A lot of NGOs/charities/foundations are simply vehicles for tax avoidance/reduction or nepotistic job creation. There are very few that are truly altruistic, or maybe once were but eventually become indistinguishable from a corporation in how they are run, and what they pay their executives.