Philanthropy’s Misguided Ideas for Fixing Ghetto Poverty: The Limits of Free Markets and Place-Based Initiatives by Peter Dreier Spring 2015: Volume 22 Issue 1

Philanthropy’s Misguided Ideas for Fixing Ghetto Poverty: The Limits of Free Markets and Place-Based Initiatives by Peter Dreier (Spring 2015)
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Philanthropy certainly has a place in the effort to create a more equitable society, but in order to be truly effective it must turn from focusing on place-based antipoverty initiatives, and stop relying on market forces to solve the growing inequalities of income, wealth, and political power. Public opinion generally favors greater government action on these fronts, but without mobilization from movements committed to a growth-with-equity agenda, this will not translate into public policy. As the author concludes, “If philanthropists want to help create a more humane, fair, and democratic society, they should support the many organizations and activists who are building a movement for shared prosperity.”