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(32,273 posts)
Tue Mar 3, 2015, 02:22 PM Mar 2015

Counting on Billionaires

Philanthrocapitalists like George Soros want us to believe they can remedy the economic misery that they themselves create ... by Japhy Wilson 3-3-15

"In the tale that I am about to tell, we will see how Soros is not only “taking money in at one end and pushing it out at the other,” but is also eating the stuff that comes out at the other end."

Philanthrocapitalism is the latest “great white hope” of international development. Unlike traditional philanthropists, who were content to write checks for good causes, “philanthrocapitalists” like Bill Gates and George Soros have supposedly transformed development aid by infusing it with the business principles of innovation, efficiency, and enterprise.

Michael Green and Matthew Bishop (US business editor of the Economist) celebrate this transformation in their best-selling book, Philanthrocapitalism: How the Rich Can Save the World and Why We Should Let Them. Bishop and Green argue that philanthrocapitalism is a “new social contract,” in which increasing inequality is to be accepted in exchange for “the rich regarding their surplus wealth as the property of the many, and themselves as trustees whose duty it is to administer it for the common good.”

Should the rich not be sufficiently generous, they warn, “they risk provoking the public into a political backlash against the economic system that allowed them to become so wealthy.” This danger is well understood by “the leading beneficiaries of the winner-takes-all society, [who] worry increasingly about the political risks of growing inequality and are concluding that philanthropy may be one of the best ways to manage those risks.”

In a characteristically amusing and suggestive metaphor, Slavoj Žižek has likened this ideological strategy to the phenomenon of chocolate laxatives: each presents the cause of the problem — chocolate constipates, capitalism impoverishes — as the solution to its own pathological symptoms. Žižek’s favored example is Soros: speculator, philanthropist, and one of the wealthiest men in the world ...

Read more here (fascinating story giving an example of Soros Millenium Villages project): https://www.jacobinmag.com/2015/03/george-soros-philanthrocapitalism-millennium-villages/

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Counting on Billionaires (Original Post) TBF Mar 2015 OP
This is exactly the same as living in an abusive marriage where the abuser controls all the finances Dont call me Shirley Mar 2015 #1
Exactly - and expects you to be thankful for it. nt TBF Mar 2015 #3
Do we live in a benevolent monarchy? yallerdawg Mar 2015 #2
I'm really not even seeing the benevolence anymore - TBF Mar 2015 #4
Same old same old. Erich Bloodaxe BSN Mar 2015 #5
Sadly that about sums it up. nt TBF Mar 2015 #6


(16,104 posts)
2. Do we live in a benevolent monarchy?
Tue Mar 3, 2015, 02:32 PM
Mar 2015

We have families, the Bushes. the Clintons, the Kennedys, contending for leadership of the world while representing the rich who dole out our living standards and reward the most loyal.

Capitalism has elevated the conditions of the peasants, but aren't we still peasants in their minds?


(32,273 posts)
4. I'm really not even seeing the benevolence anymore -
Tue Mar 3, 2015, 02:36 PM
Mar 2015

maybe that was the case a while back. Maybe to the upper middle class. Top 5% or so. People have these visions of "rising up" and everyone having "equal opportunity". It's a fairy tale. Unless you happen to be plucked from the masses due to entertainment or sports "value" you are pretty much screwed unless you are born wealthy.

Erich Bloodaxe BSN

(14,733 posts)
5. Same old same old.
Tue Mar 3, 2015, 07:53 PM
Mar 2015

Steal the entire pie, dig into it gluttonously, spitting crumbs around while pontificating, and expect the starving masses to be grateful for your slobber covered crumbs and pious sermons about the wonders of capitalism.

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