About half of the top 50 philanthropist dollars in the United States in 2014 were given by tech entrepreneurs, according to The Chronicle of Philanthropy. Overall, the technology sector gave away $5 billion that year, though their charitable contributions dropped precipitously last year to $1.3 billion (possibly skewed due to the absence of "mega-gifts," such as a $2 billion donation by the Bill and Melinda Gates Foundation in 2014).
"There is a very real surge of philanthropy from tech sector leaders," says David Callahan, founder and editor of Inside Philanthropy, a news website that tracks nonprofits. "Many of these folks believe in giving early in life while still in their careers, as opposed to a more traditional model of waiting until later in life."
(Score: 0) by Anonymous Coward on Friday November 11 2016, @11:35PM
Capitalism works great when it's not corrupted. The problem is how to keep it clean.
Almost all economic systems work. *IF* people follow the rules.
The problem is people do not follow them. I call it that person 'the dick'. At that point you need more rules and take away power from everyone all because 1 dude decided not to play the right way. In communistic societies it is the lazy worker who does nothing. In capitalistic societies it is is the guy who figures out it is more profitable to buy the system and appoint themselves as the ones to get all the rewards.
People bemoan 'there must be a better way'. I doubt it. All systems seem to have a way to game them.