On Philanthrocapitalism – Part Two

To return to where I left off in Part One, we had just passed the introduction in the book. An introduction that Walmart’s owners would have been very pleased to read.

The book continues in a similar vain and soon introduces a concept of the “good billionaire”. In order to make this concept a reality it is suggested that a social contract needs to be formed so that billionaires have knowledge and have committed to how they should act. As I was reading this concept for a social contract for good billionaires I was reminded about something that I had seen regarding JK Rowling. In 2011 JK Rowling featured on the Forbes billionaires list, but since that time she has failed to do so again, and this is despite the continued successes of the Harry Potter franchise. The reason that she no longer features on the list is that she has given so much of her wealth away she can no longer be classified as a billionaire. Perhaps then the first rule for any “good billionaire” is not to be one.

There are mentions of the growing inequality in the world, but it is not expanded upon or criticised. What is condemned by the book and its authors, however, is the “rejection of philanthropy”. A strange thing to focus on as I doubt anyone would argue that giving away money to those less fortunate is a bad thing. Even I don’t reject philanthropy, I just advocate a situation where such philanthropy is not needed. This rejection, so the authors believe, was “extreme” in post World War Two Britain.

Continue reading “On Philanthrocapitalism – Part Two”