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Philanthrocapitalism as an assembly device for elites 

From No Such Thing as a Free Gift, by Linsey McGoey, Loc 492:

The William J. Clinton Foundation dispensed money to numerous causes, with a focus on global health and economic development. Band’s idea was something new. He saw the need for an annual event, similar to Davos, which could bring powerful elites into contact with each other to forge ‘partnerships’ aimed at solving global problems. The first meeting of the Clinton Global Initiative (CGI) was held in 2005 and the get-together has grown larger ever since. Organizations pay a membership fee of $ 20,000 each year ($ 19,000 of which is tax deductible). This fee includes attendance at the CGI annual meeting, held in New York, as well as what the Clinton Foundation describes as “media support and showcasing opportunities.” The meeting is billed as a chance to publicize one’s philanthropic efforts to the “nearly 1,000 members of the media [who] are on-site at the Annual Meeting each year to report on the accomplishments of CGI members.” The $ 20,000 membership fee is just to get past the door. Corporate donors often spend hundreds of thousands extra in sponsoring the annual meeting. Once inside, the event is run a bit like a charity auction.

Categories: Defensive Elites

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