Ford, Mellon, Rockefeller Made Their Fortunes Thanks to Capitalism. Now, Their Foundations Seek to Undermine It.

The Daily Signal

Government, Daily News, News, Politics

4.8 • 1.4K Ratings

🗓️ 14 June 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Henry Ford, John D. Rockefeller, and Andrew Mellon flourished because of America's free-enterprise system. Yet, the foundations that bear their names are today pursuing a much different agenda, warns Rick Graber, president and CEO of the Bradley Foundation and chairman of the Philanthropy Roundtable. "These foundations exist with their massive endowments because of these gentlemen that believed in free markets, took risks, and created just some incredible, incredible companies," Graber says. "It's hard to make the case that any of these foundations—Ford, Rockefeller, Mellon—are honoring donor intent. The founders would not be pleased." Graber recently wrote about the topic for The Daily Signal, "Woke Foundations Use Dollars Acquired Through Capitalism to Undermine Free Market Principles," warning about the implications for America's future. He joined me on "The Daily Signal Podcast." Also on today's show, we also read your letters to the editor and share a good news story about a Waffle House manager who went out of his way to make sure one of his youngest employees could attend his high school graduation. Enjoy the show! Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Daily Signal Podcast for Monday, June 14th.
0:09.3	I'm Robert Blueey.
0:10.3	And I'm Virginia Allen.
0:12.2	On today's show, Rob talks with Rick Graber, President and CEO of the Bradley Foundation
0:17.9	about his recent Daily Signal commentary about woke foundations undermining free market
0:23.2	values.
0:24.2	We also read your letters to the editor and share a good news story about a waffle house
0:28.2	manager who went out of his way to make sure one of his youngest employees could attend
0:32.4	his high school graduation.
0:34.3	Before we get to today's show, we want to tell you about the most reliable source for
0:38.9	global economic data, the Heritage Index of Economic Freedom.
0:43.6	The Heritage Foundation's index of economic freedom ranks nearly every nation in the world
0:47.6	according to its level of economic freedom.
0:50.4	Whether for personal or professional research, the index is a wealth of information.
0:55.1	Learn why it's easier to start a business in Switzerland than it is in France.
0:59.1	And where America falls on the ranking.
1:01.2	Visit heritage.org slash index to explore the 2021 index of economic freedom, which features
1:08.4	interactive maps, country rankings, graphs of data, and much, much more.
1:13.1	Now stay tuned for today's show, coming up next.
1:21.6	We are joined on the Daily Signal Podcast today by Rick Graber.
1:25.0	He's the president and CEO of the Bradley Foundation and chairman of the Philanthropy Roundtable.
1:30.3	Rick, thanks so much for joining us.
	...

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