PHILANTHROPY IS CURRENTLY A 'BAND-AID ON THE OPEN WOUND OF AMERICAN POVERTY' WHEN IT SHOULD BE TACKLING LARGER SYSTEMATIC PROBLEMS

REUTERS/David McNew Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer. The guillotine and calls to "eat the rich" serve as symbols of the dissatisfaction many feel over our rigged economic system. Darren Walker, the president of the Ford Foundation, said that philanthropy currently serves as a Band-Aid, but should be used ...

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