No_such_thing_as_a_free_gift-cover-max_221 more images image

No Such Thing as a Free Gift: The Gates Foundation and the Price of Philanthropy

Philanthro-capitalism: How charity became big business
The charitable sector is one of the fastest-growing industries in the global economy. Nearly half of the more than 85,000 private foundations in the United States have come into being since the year 2000. Just under 5,000 more were established in 2011 alone. This deluge of philanthropy has helped create a world where billionaires wield more power over education policy, global agriculture, and global health than ever before.

Charities link the farmers in Africa to the boardrooms of corporate foundations and the corridors of the World Economic Forum at Davos. Far from being selfless, plutocratic philanthropy may be the ultimate profit-making tool.

In No Such Thing as a Free Gift, author and academic Linsey McGoey puts this new golden age of philanthropy under the microscope—paying particular attention to the Bill and Melinda Gates Foundation. As large charitable organizations replace governments as the providers of social welfare, their largesse becomes suspect. The businesses fronting the money often create the very economic instability and inequality the foundations are purported to solve. We are entering an age when the ideals of social justice are dependent on the strained rectitude and questionable generosity of the mega-rich.

Reviews

  • “The charitable model represented by the Gates Foundation is failing to address the root causes of inequality and ecological crisis. This path-breaking book is a sorely needed, historically grounded investigation into the difference between philanthropy and justice.”
  • “Picking up the cudgels wielded by Ida Tarbell and her fellow trustbusters, McGoey produces a startling report.”
  • “Fierce...provocatively examines the power imbalances and ambiguities of charitable giving...a clear-eyed and much-needed study.”
  • “A brave, intelligent and important book that raises vital questions about the full impact of a key source of the world’s public health funding. As the book shows the drive to do good can raise a host of ethical and policy questions—many of which have not been considered or even acknowledged prior to this book.”
  • “A book that is by equal measure provocative and compelling that finally gives a voice to concerns that many have silently harbored ... charts the speed of the Foundation’s emergence and influence with conceptual fluency and historically referenced gusto that in parts left me gobsmacked.”
  • “Impeccably researched and beautifully written, Linsey McGoey’s book is the best and most complete examination of the Gates Foundation and the workings of big philanthropy. A must-read for anyone concerned with where the world is heading.”
  • “A timely criticism of a society that allows an individual to accumulate such a distorting amount of financial power; it is an indictment of unaccountable power.”
  • “On both the left and the right, social critics sense that there is something deeply corrupt in the way we live now…With extraordinary insight and original investigation, Linsey McGoey understands how this twenty-first century mess was made. Her voice is reasoned and never shrill, her research is solid, and her courage is remarkable. Rather than spin far-fetched conspiracy theories, she simply shows what the oligarchs are doing in plain sight, which is frightening enough.”
  • “McGoey correctly questions whether Big Government would, in fact, be more efficient than Big Philanthropy in addressing the rise of inequality”
  • “a lively and well-argued antidote to the comfortable but superficial assumption that giving money away is, by definition, good: it helps you understand why things are more complicated than that”
  • “It’s worth hearing what she has to say, because it’s not said enough … we give too little scrutiny to people like Gates, and too much credence to the idea that philanthrocapitalism can ‘save the world.’”
  • “In this valuable, dense, but accessible book, McGoey illuminates a major cultural shift in leadership and control of power in the US. Highly recommended.”

Blog

Other books of interest