The Intelligence from The Economist
The Intelligence: Strikes, a careful balance
Feb 5, 2024
Avantika Chokoti, an international correspondent for The Economist, discusses the shift towards 'No Strings Giving' in philanthropy, where donors step back after contributing. Greg Karlstrom, the Middle East correspondent, analyzes recent American airstrikes in Iraq and Syria aimed at Iranian-backed militias, shedding light on their geopolitical implications. Additionally, they explore the surprising cultural relevance of cuteness, which has become an academic subject, influencing emotions and societal behaviors.
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Quick takeaways
- A new model of philanthropy called No Strings Giving allows donors to make large donations to trusted organizations and let them decide how to spend the funds, bypassing bureaucratic processes and increasing the immediacy of impact.
- Cuteness has transformed from a trivial concept to a serious subject of study, with fields like Cute Studies exploring the neurological and cultural aspects of cuteness, demonstrating its significance in art, fashion, and popular culture.
Deep dives
No Strings Giving: A New Approach to Philanthropy
In the world of philanthropy, there has been a shift towards a new model called No Strings Giving. Donors, like Mackenzie Scott, are simplifying the process by making large donations to trusted organizations and then allowing them to decide how to spend the funds. This approach bypasses the technocratic model that often slows down giving and stifles its impact. By outsourcing the management of funds and removing reporting requirements, donors can streamline the giving process and make a more immediate impact. Critics argue that this approach poses risks and lacks the necessary accountability, but supporters assert that it allows for urgent and flexible giving to address pressing issues.
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