Having worked in the commercial, market and voluntary sectors I concur with George Monbiot (Opinion, 24 May) and Carl Rhodes and Peter Bloom (The trouble with charitable billionaires, The long read, 24 May). Limited liability profits only the affluent. Seeking funding from Comic Relief to major companies for those serving local communities was almost pointless. The needs of impoverished young people in the UK do not have the clout of a global campaign for inoculations or mosquito nets. This is no way diminishes the need for sexual health education, early years education or access to adequate nutrition.
Philanthrocapitalism is a new term for me, but “outcomes” by which the efficacy of any grants might be granted are familiar. Huge corporations and their CEOs can determine how, and to whom, they may donate regardless of identified need. Fifty-one of the largest economies in the world are corporations. Their accountability is to shareholders only. Until global and lesser corporations are held accountable for the wellbeing of their workers, their communities and our environment, poverty, ill-health and poor education will result in the impoverishment of what could become a truly global society. I suggest that “philanthrocapitalism” be formally diagnosed as an aberrant condition.
Victoria Smillie
Norwich
from Voluntary Sector Network | The Guardian https://ift.tt/2xcMB1p
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