Linsey Mcgoey

Saturday

Linsey Mcgoey

Doing good and doing well

Philanthrocapitalism, by Matthew Bishop and Michael Green Some say there’s no such thing as pure charity. All altruistic gifts are rooted in the self-interest of the giver, whether the goal is to increase your social status or your tax portfolio. If that’s true, the only thing new about philanthrocapitalism is that people such as Bill Gates and Warren Buffett are being more upfront about the need to make money out of charity. And they are confident that combining business acumen with philanthropy will improve the world that made them rich in the first place. Worth an estimated $30 billion, the Bill and Melinda Gates Foundation had long been the largest charity in the world, with more money to battle global health inequalities than the UN’s World Health Organisation.

Saturday

Linsey Mcgoey

Betrayed by their disciples

It’s rarely encouraging when a book apologises three times on the first page for its content. First, Tim Congdon regrets that his latest book, a history of monetary policy in post-war Britain, has no proper chapters, but is simply a loose compilation of academic essays and journalistic vignettes. Second, he’s sorry for skipping between the first-person ‘I’ in his journalism, and the avoidance of personal pronouns in the more academic pieces. Finally, he’s contrite about the repetition that could have been reduced ‘with harsher editing’. Congdon is a polemicist, and one of his rhetorical tricks is to apologise for his own deficiencies before a rival has the chance to point them out.

Saturday

Linsey Mcgoey

The windfalls after the storm

By the time The Shock Doctrine lands on your desk, it’s hard not to feel suspicious. Seven years after her bestselling No Logo, Naomi Klein’s latest book promises to expose how natural disasters and political crises across the globe have been exploited by a cabal of secret operatives seeking fresh slates to introduce draconian financial measures of the variety championed by the late, great Milton Friedman. From Chile to Bolivia, to Russia, one finds the legacy of Friedman’s economic shock therapy, the idea that sweeping economic changes are best imposed when citizens are reeling in the aftermath of a crisis: a coup, a natural disaster, a terrorist act. In Friedman’s own words, ‘Only a crisis, actual or perceived, produces real change.