The Problem With Modern Philanthropy
In 2011, Michael Bloomberg gave the Sierra Club $50 million, the biggest donation in the club’s history, to expand the organization’s Beyond Coal initiative, which sought to shut down coal-fired power plants across the country. He gave $30 million more in 2015. The Beyond Coal campaign now says it has helped shut down 251 coal-burning plants, thanks in large part to Bloomberg’s donations.
The campaign’s success is good news if you’re an environmentalist who wants to replace coal with renewable energy, but not so great if you’re a coal miner watching his livelihood slip away. In a democracy, both sides might argue the issue of whether to shut down coal-fired power plants to their legislators or express their preference at the voting booth. But Bloomberg’s $80 million in donations inarguably gave a boost to the environmentalists’ side, and led to changes on the ground.
Bloomberg’s gift is not unusual in an era in which in America. Individuals made rich by the tech boom to give money away at unprecedented levels. But this type of philanthropy creates challenges in a democracy, argues David Callahan, the founder and editor of the website Inside Philanthropy, in his new book,
