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[TEASER] Will the Revolution Be Funded? w/ Nairuti Shastry and Zac Chapman
Oct 1, 2024
Nairuti Shastry, a racial and economic justice researcher, and Zac Chapman, Resource Mobilization Director at the New Economy Coalition, dive into the challenges of funding revolutionary movements. They discuss the contradictions in philanthropic practices and emphasize the need for funding alternatives that truly support anti-capitalist efforts. The conversation also touches on community-led initiatives that promote economic transformation and solidarity, envisioning a future where governance and economic structures are radically reimagined.
14:11
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Quick takeaways
- Philanthropic institutions often exacerbate systemic issues by misallocating resources, hindering funding for anti-capitalist movements aiming for true change.
- A solidarity economy champions collective resource management and community governance, promoting cooperation and equitable systems to dismantle traditional capitalism.
Deep dives
The Limits of Philanthropy
Philanthropic institutions are required to distribute only 5% of their endowments annually, leaving 95% unallocated, often invested in industries that contribute to systemic issues like climate change and social injustice. This creates a paradox where foundations address crises through grant-making while simultaneously funding the very structures that exacerbate them. This dynamic complicates the funding landscape for anti-capitalist movements, as organizations struggle to find financial support that aligns with their goals. The discussion highlights the urgent need for a reevaluation of how philanthropic resources are utilized to better support efforts that seek genuine systemic change.
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