"Stephen Schwarzman, the private equity tycoon who cofounded the Blackstone Group, is the face of a new kind of philanthropy. To borrow the language of Silicon Valley and Wall Street, he has “innovated” novel ways in which the rich can give back to themselves, cementing and heightening their power while claiming they’re doing the rest of us a favor. Ostensibly charitable ventures need no longer benefit the disadvantaged at all; they just need to be marketed that way."
Posted on: Wed, 24 Jul 2013 12:54:46 +0000
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