Does the "Charitable Industrial Complex" help or hinder humanity?
Does the "Charitable Industrial Complex" help or hinder humanity?
Thursday, June 7, 2018
Between 2001 and 2011 the number of non-profit charities increased by 25 percent. $316 billion was given away in 2012 in the United States alone. Yet inequality has grown, and nations are struggling to deal with a refugee and migration crisis. This is part of what Peter Buffett, son of billionaire investor Warren Buffett and head of the NoVo Foundation, provocatively calls the “charitable-industrial complex” – and it may be perpetuating global poverty. Maria Armoudian spoke with Buffett about the charitable industrial complex and the concept of philanthropic colonialism.
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