The role and limitations of philanthropy

In this paper, Michael Edwards discusses the role and inherent limitations of philanthropy, particularly focusing on the increasing dominance of ultra-wealthy individuals in the philanthropic landscape. He argues that this concentration of power often diverts attention from other crucial strategies for well-being. Furthermore, he contends that it can weaken the vital synergies that exist between grants and investments. The paper critically examines how the current philanthropic paradigm, shaped by the ultra-rich, may inadvertently displace more effective approaches and hinder the holistic development of social welfare.