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Ultra-Rich ‘Philanthrocapitalist’ Class Undermining Global Democracy: Report

From Warren Buffett to Bill Gates, it is no secret that the ultra-rich philanthropist class has an over-sized influence in shaping global politics and policies. And a study (pdf) just out from the Global Policy Forum, an international watchdog group, makes the case that powerful philanthropic foundations—under the control of wealthy individuals—are actively undermining governments and inappropriately setting the agenda …

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Steven Rosenfeld – 6 Noxious Facts About America’s Billionaires

When Facebook founder Mark Zuckerberg announced this week that he will give away 99 percent of his personal fortune—now estimated at $44 billion—during his lifetime, he was lauded in newspapers and TV broadcasts from coast to coast. But few people noted [3] that giving away his billions will still leave Zuckerberg, his wife Priscilla Chan and newborn daughter Max, with at …