Venture Philanthropy [...]

In The Gift of Education, Kenneth Saltman traces the shift from the ‘Scientific Philanthropy’ of the Carnegie, Rockefeller and Ford Foundations to the ‘Venture Philanthropy’ (VP) of Bill Gates. While Scientific Philanthropy extended the “logic of cultural imperialism” and worked to “serve ruling class interests”, it was to some extent built on the idea that the “public sector [libraries and schools] should make freely available the means for individual access to information that would benefit the individual and contribute to the making of a more educated workforce and informed citizenry.”2In contrast, Venture Philanthropy imposes a new logic where “public and civic purposes of public schooling are re-described by VP in distinctly private ways”: become a lifelong learner, an entrepreneur. (Source)

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