A Quote by Michael Eric Dyson
There's a dark underside to philanthropy. People who give a bunch of money are deferred to, even when they are wrong. The emperor cannot be shown to have no clothes.
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A lot of people making a lot of money, billion, billions of dollars accumulating. Why are they coming for, finally, for philanthropy? Why the need for accumulating money, then doing philanthropy? What if one decided to start philanthropy from the day one?
Today, philanthropy is a very unsophisticated, old world process where people who make a shitload of money go and give it away and when they're making their money, they're focused on 10x, 100x returns on the dollar.
It has always been the prerogative of children and half-wits to point out that the emperor has no clothes. But the half-wit remains a half-wit, and the emperor remains an emperor.
I thought: 'It would be great to create a series of clothes that looked like that tree.' Clothes that gave you the green of the leaf and the warm brown of the underside of that leaf and the vanilla colored blossom.
I cannot say to you what is right or wrong. I can say only one thing to you: be conscious - that is right. Don't be unconscious because that is wrong. And then whatsoever you do in consciousness is right. But people are living in unconsciousness. And let me tell you: in unconsciousness you may think you are doing something right, but it can't be right. Out of unconsciousness, virtue cannot flower; it may appear virtuous but it can't be. Deep down it will still be something wrong. If you are unconscious and you give money to a poor man, watch: your ego is strengthened. This is sin.
Billions are wasted on ineffective philanthropy. Philanthropy is decades behind business in applying rigorous thinking to the use of money.
In the move The Last Emperor, the young child anointed as the last emperor of China lives a magical life of luxury with a thousand eunuch servants at his command. "What happens when you do wrong?" his brother asks. "When I do wrong, someone else is punished," the boy emperor replies. To demonstrate, he breaks a jar, and one of the servants is beaten. In Christian theology, Jesus reversed that ancient pattern: when the servants erred, the King was punished. Grace is free only because the giver himself has borned the cost.
There is a place and a time for philanthropy, and there is only so much money you can give away.
When you take the people who most need work and connect them with the work that most needs doing, you save. You save that young person’s life, you save a whole bunch of money, and you save the soul of this country when you invest and give people a chance, give people hope, give people opportunity.
You must never conclude, even though everything goes wrong, that you cannot succeed. Even at the worst there is a way out, a hidden secret that can turn failure into success and despair into happiness. No situation is so dark that there is not a ray of light
One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.
All the people I talk to, increasingly, can see that the emperor has got no clothes. The case for leaving [the EU] is now overwhelming.
One of the big myths about philanthropy is that it's all about donating funds for a cause. I like to look at it quite differently. Philanthropy is about 'giving' - not just in monetary terms but also in non-monetary aspects, like time, ideas, or being a volunteer. Donating money is just a small part of philanthropy.
Everyone has two memories. The one you can tell and the one that is stuck to the underside of that, the dark, tarry smear of what happened.
The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So that guy making ten million a year selling credit default swaps, if we're going to keep five million of it in escrow for ten years, and with the right to go back and get it, if he starts losing money, then we're going to give people the right incentives not too take so much risk.
In philanthropy, many of us give a little bit and each year we give more and more to see what actually works and not just throw money out there and see if it's going to work. If the government did the same thing, fabulous.
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