No Such Thing as A Free Gift

No Such Thing as A Free Gift

The Gates Foundation and the Price of Philanthropy

Book - 2015
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Nearly half of the 75,000 private foundations in the United States were created in the past 10 years. About 5,000 more US philanthropic foundations are set up each year. The amount of money placed in philanthropic trusts helps to make the charitable sector one of the fastest growing industries in the global economy.
Linsey McGoey looks at this new golden age of philanthropy, in particular, the Bill and Melinda Gates Foundation, and asks- is this money doing much good? Large charitable organizations are replacing government as the providers of social welfare while their businesses often support economic instability and compound global inequalities. The new generation of mega- donors see that there is good business in charity and ignore the division between good deeds and profits. Are we losing the idea of social justice in the face of market-based philanthropy?
Publisher: New York :, Verso,, 2015
ISBN: 9781784780838
Branch Call Number: ANF 361.7632 MCG
Characteristics: 296 pages ; 22 cm


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Feb 08, 2016

[Philanthropist: one who hires assassins to murder protesting workers and union organizers!]
A 30-starred book, really incredible achievement by Ms. McGoey! The author researched her subjects thoroughly, and has a captivating writing style where she quotes an assertion - - seemingly not disagreeing with it, then pages later will completely refute and destroy it!
Bill Clinton, in one of his bankster speeches, falsely claims that 100 million people have been lifted out of poverty by microcredit loans! NEGATIVE - - perhaps 100 million have received those microcredit loans, but nobody has risen above the poverty level for it - - although the investors in those banks make a nice ROI!
The old employer of our UN ambassador, Samantha Power, the ECONOMIST magazine, was strident in promoting no caps on the interest rate charged by those microcredit lenders - - which can exceed OVER ONE HUNDRED PERCENT!!!!! Ever hear Ambassador Power mention this????? Please pay close attention to Ms. McGoey's point on double exemption, and the Gates Foundation non-repayble grant to Vodafone - - damning as it was, she stops there - - for who the major investors in Vodafone were tells the entire story!
[An excellent point made by Jane Mayer, in her incredible book - - Dark Money - - was the tax law allowing the transfer of family fortunes to avoid any inheritance taxes: the recipient must donate the accrued interest on the principal to a // charity \\ for 10 to 20 years - - said charities being those shill tanks and foundations which lobby on behalf of the super-rich and spread their diabolical messages and agenda, and work for and support specific extreme rightwing political candidates!]
Gates Foundation is a donor to A.L.E.C. [American Legislature Exchange Council, a Koch enterprise] and Jeb Bush's Foundation for Excellence in Education.
Synergistic books to read along with this: Dark Money, by Jane Mayer, and The New Prophets of Capital, by Nicole Aschoff

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