The Paradise Papers, and the Panama Papers before, have laid bare the financial secrecy that permits large scale proceeds of corruption, tax avoidance and criminal activity to be laundered, shifted around the globe, and stored out of view from authorities. Everyday petty corruption also drives inequality around the world. But what can be done?
Louise Russell Prywata explores the key issues and possible solutions.
‘Philanthropy is not a sector that likes to change’, Darren Walker asserted at a recent lecture at the London School of Economics. Although the Ford Foundation (where Walker is President) has been changing in recent years, his assertions still ring true: many philanthropic organisations have bold rhetoric on inequality, but (as he put it) ‘stop short of interrogating their own practice’.
Welcome to the new blog from the Atlantic Fellows for Social and Economic Equity.
These pages will feature the latest writing from our Atlantic Fellows on issues connected to inequalities around the world. This will be a rich source of debate on the causes, effects, and possible solutions for inequalities around the world, and a stepping stone to strengthening the fight against inequity.
Early into his address at the London School of Economics, Darren Walker, president of the Ford Foundation, posed a question I have felt tugging at my conscience many times over the past decade I’ve spent in the field of philanthropy: ‘What does it mean for a foundation, an organization of immense privilege, to address the root inequalities that have created and sustained it?’
Cape Town is one of the most unequal spaces in the world’s most unequal country. If you are female, black and poor, you’re more likely to live in a place where there’s high crime, low or no lighting and little access to safe toilets, sanitation or to justice.