Factually! with Adam Conover cover image

Factually! with Adam Conover

How the Wealthy Use “Charity” to Screw Everyone Else with Amy Schiller

Dec 6, 2023
Adam Conover discusses the cultural shifts in philanthropy with Amy Schiller, author of 'The Price of Humanity: How Philanthropy Went Wrong—And How to Fix It.' They explore the pitfalls of utilitarian philanthropy, the connection between effective altruism and neoliberalism, and the rise and fall of the movement. They also highlight Mackenzie Scott's transformative philanthropy and discuss challenges and solutions for fixing philanthropy.
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Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Philanthropy needs to focus on holistic well-being and transformative initiatives, moving beyond narrow definitions and quantifiable outcomes.
  • Democratizing giving and addressing structural inequalities require a more equitable distribution of wealth and confrontational giving.

Deep dives

The Philosophy of Effective Altruism

The podcast explores the philosophy of effective altruism, which aims to determine the most effective forms of charity based on rigorous research and rankings. However, this philosophy has been criticized for its narrow definition of philanthropy and its focus on quantifiable outcomes, neglecting the complexities of systems and the need for social and political change. The movement got entangled with Sam Bankman Freed, a crypto fraudster, which ultimately discredited the entire movement. The podcast raises questions about the role of philanthropy in creating a better world and the potential impact of such movements when they go wrong.

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