Anand Giridharadas (previously) is the Aspen Fellow/McKinsey consultant turned anticapitalist gadfly whose brilliant book Winners Take All exposes the "philanthrophy" of the ultra-rich as a form of reputation-laundering with the side benefit of allowing some of history's greatest monsters to look at themselves in the mirror.
Attention anti-woke factions of the world. I want to share some essential financial news that could save your life: be on the lookout for woke banks. That's right, even the financial lending system of savings and investments has gone woke.
As reported by Anand Giridharadas on Twitter, if you withdraw money from one of these banks, "the ATM takes a few extra minutes to tell me the true history of the founding father on the bills I have just withdrawn. — Read the rest
"Why is Chris Matthews on this air talking about the victory [of] Bernie Sanders, who had kin murdered in the Holocaust, analogizing it to the Nazi conquest of France?" asked Anand Giridharadas of his fellow MSNBC colleague when he appeared on MSNBC's AM Joy. — Read the rest
The past two years have seen a tremendous shift in the public perception of capitalism and socialism, the character of philanthropy as reputation-laundry rather than generosity, and the nature of wealth as an indicator of sociopathy, not virtue or cleverness.
Resource Generation is an organization of young people who inherited enough to be in the top decile of America's wealth distribution, who are determined to give away those inheritances in ways that redistribute wealth and make the country more fair and equal. — Read the rest
Laura Poitras (previously) is the Academy Award-winning director of Citizenfour; she teamed up with the activist group Forensic Archicture (previously), whose incredible combination of data-visualization and documentary filmmaking have made them a potent force for holding war criminals and authoritarians to account: together, they created Triple Chaser, a short documentary that uses novel machine-learning techniques to document the ways in which tear gas and bullets made by companies belonging to "philanthropist" Warren Kanders have been used against civilians to suppress anti-authoritarian movements, and even to murder innocents, including children.
Philanthropy is theoretically an expression of generosity and fellow-feeling, but in an increasingly unequal world, charitable giving is a form of reputation laundering for super-rich oligarchs who build their massive fortunes on savage programs of exploitation and immiseration. The idea is that you can paper over the fact that deliberately starting the opioid crisis made you richer than the Rockefellers by having your name plastered all over the world's leading art galleries and museums.
Billionaire Goldman Sachs alum Robert F Smith made headlines when he donated enough cash to pay off the student loan debt of the entire Class of 2019 at Morehouse College; but Smith is also an ardent supporter of the carried interest tax loophole, which allows the richest people in America to pay little to no tax on the bulk of their earnings, while working Americans (like the Morehouse Class of 2019 will be, shortly) pay their fair share.
Every Monday, some poor "brand ambassador" at Chase has to post a "Monday motivation" tweet aimed at convincing people that one of America's largest, most rapacious banks is actually a cuddly, responsible business whose $12 billion bailout from Uncle Sam was perfectly justifiable and sure to be put to excellent use.
Thanks to everyone who came to last night's launch event at San Diego's Mysterious Galaxy! The next stop on my tour is an event at 7PM at The Strand in NYC where I'll be appearing with the award-winning investigative journalist Julia Angwin, who is pinch-hitting for Anand Giridharadas, who has had a family emergency.
Tonight is the launch for my latest book of science fiction for adults, Radicalized: I'll be at the Barnes and Novel at The Grove in Los Angeles, in conversation with director/activist/stuntwoman/champion kickboxer Lexi Alexander, starting at 7PM.
The Eastern District of New York empaneled a Grand Jury into the dirty data dealings of Facebook.
Radicalized is my next science fiction book, out on March 18 from Tor Books: it contains four novellas about the hope and misery of our moment, from refugees resisting life in an automated IoT hell to health care executives being targeted by suicide bombers who have been traumatized by watching their loved ones die after being denied care. — Read the rest
The Sackler family (previously) is one of the richest in the world, and if you've heard of them, it's probably because their family name adorns so many art galleries, museums, and academic institutions around the world: but they way they got that money is less-well-known.
On the 15th anniversary of Facebook's launch, Mark Zuckerberg says his company will spend more on safety and security in 2019 than the total amount of revenue his company had on hand at the date of its IPO. In a Facebook post today, Zuckerberg takes a swipe at America's technology journalists, and complains about news coverage in 2018 that was critical of Facebook.
Anand Giridharadas is the Aspen Institute Fellow and former McKinsey consultant whose book Winners Take All is a must-read indictment of the way that charitable activities are used to launder the reputations of billionaires who have looted and boiled our planet, amassing titanic fortunes while starving the public coffers, and still retaining sterling reputations and massive influence thanks to the trickle of funds they release through "philanthropy."
With the World Economic Forum kicking off in Davos, Switzerland — where the super-rich are already decrying Alexandria Ocasio-Cortez's massively popular 70% tax-rate on earning over $10,000,000 — it's a great time to revisit Anand Giridharadas's must-read 2018 book Winners Take All: The Elite Charade of Changing the World, in which the former McKinsey consultant and Aspen Institute fellow catalogs the way that the super-rich have starved their host-nations of the funds needed to operate a functional civilization, and then laundered their reputations by dribbling back some of that looted booty in the form of "philanthropic donations" that always seem to redound to their personal benefit.
Vinod Khosla is a Silicon Valley venture capitalist who chose to define his legacy through a spectacular legal battle to block access to the public part of a beach area he owns in California.
Alexandria Ocasio-Cortez (D-NY) is the youngest woman ever elected to the U.S. — Read the rest
Anand Giridharadas was a former McKinsey consultant turned "thought leader," invited to the stages of the best "ideas festivals" and to TED (twice), the author of some very good and successful books, and as a kind of capstone to this career, he was named a fellow to the Aspen Institute, an elite corps of entrepreneurs who are given institutional support and advice as they formulate "win-win" solutions to the world's greatest problems, harnessing the power of markets to lift people out of poverty and oppression.
Since its publication in August, Anand Giridharadas's Winners Take All: The Elite Charade of Changing the World has been tearing through the world, changing the way we think about inequality, philanthropy and elites; Giridharadas is an Aspen Institute Fellow who's long traveled in elite circles, but who concluded that the philanthropy of the super-rich isn't just an inadequate substitute for a fairer world — it's actually part of the system that perpetuates the gross unfairness of mass inequality.
