David Rubenstein on Patriotic Philanthropy and the Value of History

Oct 16, 2021

David Rubenstein discusses his concept of patriotic philanthropy and how it connects to America's historical narrative. He shares insights from his book about learning from past successes and failures. The conversation dives into the evolution of democracy and the complexities of interpreting historical figures. Topics include the debates surrounding monuments and critical race theory, as well as the psychological impact of wealth. Rubenstein emphasizes the significance of historical preservation and the balance between personal legacy and societal contribution.

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INSIGHT

America: An Ongoing Experiment

David Rubenstein views America as an ongoing experiment in representative democracy.
This experiment has had successes and failures, particularly regarding equal rights.

INSIGHT

Sub-Experiments Within the American Experiment

The American experiment includes sub-experiments like expanding civil rights and voting rights.
Even immigration, not initially a core American value, became a key aspect.

ANECDOTE

Statue of Liberty's Evolving Symbolism

The Statue of Liberty was initially about freedom and abolishing slavery, not immigration.
Fundraising and a pro-immigration poem reframed it as a symbol of welcoming immigrants.

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Ryan talks to American billionaire businessman David Rubenstein about his new book The American Experiment: Dialogues on a Dream, learning from past historical figures' successes and from their mistakes, his original concept of patriotic philanthropy and giving back after coming from a middle class family, his thoughts on finding enough and finding peace in success, and more.

David Mark Rubenstein is an American billionaire businessman. Former government official and lawyer. A Co-Founder and Co-Chairman of The Carlyle Group, one of the world’s largest and most successful private investment firms. Mr. Rubenstein co-founded the firm in 1987. Also the host of The David Rubenstein Show: Peer-to-Peer Conversations on Bloomberg TV and PBS.

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