REL 0811 Lecture Notes - Lecture 11: Plutocracy, Scooter Braun, Chan Zuckerberg Initiative
22 Oct 2017
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Document Summary
Mark zuckerberg and priscilla chan"s 99% pledge is born with strings attached. It"s refreshing to see two prominent billionaires even paying lip service to upending plutocracy. And of course, considering the dire state of the global wealth gap, it would be counterproductive to do anything that could discourage future extreme giving from the wealthy. The letter also introduced the chan zuckerberg initiative, a charitable organization in the mould of the bill and melinda gates foundation, through which the couple plan to donate 99% of their facebook shares over their lifetimes. At current share prices the initiative is valued at bn roughly bn a year with a mission to advance human potential and promote equality in areas such as health, education, scientific research, and energy . More than 350,000 people including the social media teams of arnold schwarzenegger, arianna huffington, katie couric, Scooter braun and shakira have already liked the facebook post or left their glowing praise in the comments.
