Philanthropy as political liquidation

Schiller critiques modern elite philanthropy, arguing it operates as a mechanism to convert economic wealth into political influence while avoiding regulation or accountability. He frames philanthropy as a "liquidation " of civic obligation, preserving wealth hierarchies under a moral guise, and calls for public scrutiny of its democratic implications. The article highlights how large-scale giving by the wealthy can subtly reshape public discourse and policy agendas, raising concerns about power concentration and the erosion of democratic principles. This critical perspective challenges conventional views of philanthropy as solely altruistic, urging a deeper examination of its societal impact.