Beware Benevolence

I was moved by this incisive observation by my friend and former colleague Clifford W. Cobb (editor of The American Journal of Economics and Sociology) regarding foundations and philanthropy:

“Since so many progressive organizations are dependent on foundations for support, there is a tendency to think of those foundations as progressive. In fact, it would be more accurate to say that their aim is to provide just enough progressivity to keep things as they are–to buy off the dissent that might otherwise challenge the structures that have maintained inequality. Even the beloved progressive income tax was introduced originally (during the U.S. Civil War) for that reason–to provide a tiny offset to the dramatic increase in tariffs that cut deeply into the pockets of the poor by raising prices on necessities. Beware benevolence: it always comes with a price.”

The lessons of history and the writings of thinkers like Henry George are useful today more than ever.

~BT Waldbillig
March 17, 2016

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s