« The fall for $MSFT | Main | Tough as Grit: another Dennis the Dentist theory #7 »

Charity case


There are plenty of statistics that tell us that inequality is continually rising. At the same time, according to the Urban Institute, the nonprofit sector has been steadily growing. Between 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.

Philanthropy has become the "it" vehicle to level the playing field and has generated a growing number of gatherings, workshops and affinity groups.

As more lives and communities are destroyed by the system that creates vast amounts of wealth for the few, the more heroic it sounds to "give back." It's what I would call "conscience laundering" -- 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.

TrackBack

TrackBack URL for this entry:
http://www.stylizedfacts.com/cgi-sys/cgiwrap/fotohof/managed-mt/mt-tb.cgi/8602

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)