Billionaires made some eye-popping donations in 2018.

Amazon founder Jeff Bezos announced plans to spend US$2 billion to help the homeless and create a network of free preschools. Media mogul and former New York City Mayor Michael Bloomberg pledged $1.8 billion to Johns Hopkins University, his alma mater. Those were just the biggest of the nearly 800 donations of $1 million or more from very rich people over the course of the year, the Chronicle of Philanthropy reports.

While it might seem ungrateful for the rest of us to do anything but cheer about boatloads of money being given away, there are legitimate reasons for concern, as the journalist Anand Giridharadas raises in his provocative new book “Winners Take All.” In particular, he makes a compelling argument against the increasingly dominant way of thinking about philanthropy that emphasizes the impacts that givers expect from their donations.

https://theconversation.com/the-downside-of-doing-good-with-a-market-mindset-109210