Opinion | The Impossible Math of Philanthropy - The New York Times
▻https://www.nytimes.com/2025/02/03/opinion/philanthropy-charity-billionaires-math.html
More often than not, charities work to mitigate harms caused by business. Every year, corporations externalize trillions in costs to society and the planet. Nonprofits form to absorb those costs but have at their disposal only a tiny portion of the profits that corporations were able to generate by externalizing those costs in the first place. This is what makes charity such a good deal for businesses and their owners: They can earn moral credit for donating a penny to a problem they made a dollar creating.
