Monday, December 14, 2015

Why Zuckerberg’s Critics Are Wrong - The New Yorker

Why Zuckerberg’s Critics Are Wrong - The New Yorker: "The backlash is no surprise. The sheer size of Zuckerberg’s grant, currently valued at forty-five billion dollars, shows just how concentrated wealth has become, and the earnest rhetoric of his mission statement, couched as a public letter to his baby daughter, reinforced a sense of Silicon Valley’s overweening confidence in its ability to fix the world. Hostility toward philanthropy is nothing new; when John D. Rockefeller established his eponymous foundation, he was attacked for reasserting “the old reign of aristocracy under the new names of philanthropy and science.” And Zuckerberg’s move comes at a time of anxiety about the rise of so-called philanthrocapitalism."

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