Nèdeem Elmahjoub's blog

“Many of the world’s wealthiest spend hundreds of millions of dollars to help their preferred candidate win .” An election that  “is on track to be the most expensive in history.”

“‘The world still has plenty of superrich people. Indeed, overall, the superrich are likely to emerge from the crisis in better financial shape than anyone else.’ Therefore, crucially, ‘the reservoir of wealth to fund philanthrocapitalism is still there.’ This self-fulfilling cycle—capitalism creates wealth, and thereby inequality, and thereby the conditions for the rich to spend surplus money on helping the poor, without ever alleviating poverty—dates back (Bishop points out) to the Renaissance, when both capitalism and philanthropy were born.” Charitable giving among the super-rich has one goal, and it isn't to change the world