Peter Buffett on Philanthropic Colonialism and Conscience Laundering by the Wealthy.
Peter
Buffett, son of Warren Buffett the third richest man in the World,
raises major issues about charities which, as he notes, is "an old
story."
He
writes, in The New York Times, see link below, "Inside any
important philanthropy meeting.... heads of state
meeting with investment managers and corporate leaders .. are
searching for answers with their right hand to problems that others in
the room have created with their left... (While) inequality is
continually rising..... (B)etween 2001 and 2011, the number of
nonprofits increased 25
percent. Their growth rate now exceeds that of both the business and
government sectors. It’s a massive business, with approximately
$316 billion given away in 2012 in the United States alone and more than 9.4 million employed."
He adds, "As more lives and communities are destroyed by the system that creates
vast amounts of wealth for the few..... (“conscience laundering”
involves feeling) better
about accumulating more than any one person could possibly need to live
on by sprinkling a little around as an act of charity. ....as
long as most folks are patting themselves on the back for charitable
acts, we’ve got a perpetual poverty machine."
Peter
Buffet says charitable intervention cannot solve the issues of
providing clean water, access to health products and free markets,
better education and safer living conditions. "It can only kick the can
down the road."
He implies that billions of dollars of
charitable giving is thus being wasted, including by his dad Warren
Buffett as well as Bill Gates, head of the Gates
foundation which handles the bulk of
Warren Buffett's philanthropic giving. Also in criticizing market based
methods of measuring charitable impact, like
return on investment, is Peter Buffett's attacking the Gates
foundation, which uses similar measures?
So what then
is the role of charities like the one Peter Buffett heads? He has no
answers but writes, "It’s time for a new operating system.... something
built from the ground up. New code." This lack of solutions is likely to
be the focus of counter attacks on him by the charitable food chain,
arguing that "New code" sounds naive while the charities are at least
tackling specific problems however imperfectly.
Best
wishes to Peter Buffett for bravely pointing out the conscience
laundering factories. Wonder if the impact of his arguments will be more
than cocktail chatter at upcoming fund raising galas, which are the
core of social life for many involved in the
charitable industrial complex.
His sister Susan A.
Buffett runs The Sherwood Foundation, which got its name from the
Sherwood forest in Nottinghamshire, England the hiding place of the
legendary Robin Hood and his group.
Peter Buffett: The Charitable Industrial Complex