Silicon Valley's perversion of philanthropy

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Silicon Valley's perversion of philanthropy
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Selfishness is philanthropic. That's the message being sent by a series of high-profile Silicon Valley leaders.

— after making their fortune from and within society, individuals then return the favor.is the philanthropic act. There's no need to give any money away — feel free to go ahead and drop more thanon Malibu property if you're so inclined. Just by dint of getting rich, your philanthropic work is largely done.

"Technological innovation in a market system is inherently philanthropic, by a 50:1 ratio," he writes. In other words: Every dollar an innovator like Andreessen makes for himself equates to a $50 philanthropic donation to society at large. Why even bother giving away the dollar, if that's the case.Andreessen doesn't feel the need to justify his wealth by saying he intends to give his money away, as Bankman-Fried did. Instead, he's redefining the very concept of philanthropy so that the more money he makes, the more philanthropic he is being, even if he gives no money away at all.

Yet serious approaches to tackling such dilemmas at powerful companies — trust and safety, tech ethics — are explicitly listed in Andreessen's manifesto under the heading of "The Enemy."Perhaps dogmatic manifesto writers shouldn't sit in positions of great societal power.Share on linkedin

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