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TYLER COWEN: the future of humanity
Lives Well Lived
Philanthropy and Selfishness
Philanthropy is viewed as a significant market failure due to selfish motivations behind donations, such as status-seeking and networking. The speaker believes that individuals, even the very wealthy, can find personal gratification in using their money to help others, but acknowledges that for billionaires, the pressure to donate can overshadow this satisfaction.
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