could you elaborate, Paul? I’ve googled the word “monopsony” and I think I understand its meaning, but still would like to learn why this is so profoundly important
Few understand the impact of this fact (including me till recently), but this is one of the most important statements you'll find buried deep down in a Twitter thread today.https://twitter.com/OlivierMilla/status/1386955906852823041 …
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There are few really big donors, so they have great power over nonprofits, and in the case of the good nonprofits, this power is mostly used for the worse.
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Perhaps most of philanthropy isn't about actually making a difference. It's about donors' selfish motivations.
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“I don't believe in charity. I believe in solidarity. Charity is so vertical. It goes from the top to the bottom. Solidarity is horizontal. It respects the other person. I have a lot to learn from other people.” ― Galeano
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Doing a ton of good for the world shouldn’t just let you get rich; it should be the *only* way to get rich.
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Charities are very polar. Some staff are making it rain while others are getting minimum wage.
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What’s the impact of it?
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Was there something in particular that your read/heard that made you understand it? It makes sense intuitively, but i don’t think I’ve seen anything that demonstrates it clearly or empirically
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Thanks PG. Wouldn’t it also be true then for government functioning as a single buyer of healthcare or other social good services?
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