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- Philanthropy benefits the rich by strengthening American capitalism in two ways1. Firstly, it supports entrepreneurship through investments in universities, basic research, and innovation. Secondly, it redistributes accumulated wealth into opportunity-creating investments1. The very wealthy, including the top 0.01%, are uniquely positioned to create social change by using their resources and networks to leverage public money and to create new infrastructure for public-policy design and delivery2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Indeed, according to Acs, philanthropy is an underappreciated economic force that strengthens American capitalism in two ways: by supporting entrepreneurship through investments in universities, basic research, and innovation; and by redistributing accumulated wealth into opportunity-creating investments.philanthropynewsdigest.org/features/book-reviews/…The new philanthropy is built on the premise that the very, very wealthy—not just the top 1 percent, but the top.01 percent—are uniquely positioned to create social change by using their resources and networks to leverage public money and to create new infrastructure for public-policy design and delivery.ssir.org/books/reviews/entry/philanthropy_and_ine…
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