Philanthropy

Philanthropy: the capitalist art of deception

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The rich like to promote their charitable work as a sign of their moral standing, but many of these donations are merely cover, writes Canadian socialist Susan Rosenthal.

Bill Gates is the world’s richest man, with a net worth of £55 billion. In 1998 his company Microsoft was charged with illegal practices, and Gates was condemned as a ruthless monopolist. Four years later, after launching a charitable foundation, Gates was praised as a generous philanthropist.

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