General Discussion
In reply to the discussion: Glenn Greenwald ain't no Libertarian, Part 1: Defending Social Security and Medicare [View all]Whisp
(24,096 posts)Pierre Omidyar is a Punahou school alumnus who holds a bachelor's degree in computer science. He is also the multibillionaire philanthropist behind Hawaii-based Civil Beat, a Right-Libertarian, pro-business, pay-walled media website that focuses its critique on the shortcomings of democratic governance and the public sector. Omidyar's Civil Beat offers analysis which seems to exist in a strange land without class conflict, where the ruling-class and the working-class struggle shoulder to shoulder against the forces corrupting liberal democracy. As a result, the editorial slant is marked by a distinct disconnect from the every-day lives of non-billionaire philanthropists, those who don't stand to gain from the schemes of Omidyar, the "classless angel."
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One of Omidyar's "value creating" projects has been to invest heavily in the micro-loan industry, through groups like Kiva which allows investors to profit off of loans to the poor, especially in impoverished regions of India. The ideology behind this business venture saw free markets magically lifting all boats where government funding did not. The actual results were often financial collapse, leaving the borrowers prey to lenders demanding repayment. "It is tough to find a household in this village in an impoverished district of Andhra Pradesh that is not deeply in debt to a for-profit microfinance company."
https://libcom.org/library/pierre-omidyar-giving-until-it-hurts
Hawaii, eh? Sounds like an asshole too. A friggin parasite. What are the chances that this group of Omidyar, Snowden, GG, Poitras, Assange are all Libertarians. JUST COINCIDENCE!