Give fast, spry young: the new philanthropists
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 17 February 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Charitable giving is being disrupted by the same youthful tech folk who got rich disrupting other sectors: these days it is fast, data-driven and bureaucracy-light. We meet a new class of investors who trade shares from behind bars. And reflecting on the life of Maya Widmaier-Picasso, who spent her childhood painting alongside her father, becoming an expert on his work.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence from the Economist. |
| 0:06.8 | Today from London, I'm your host Jason Palmer. |
| 0:10.2 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:18.1 | Early in the pandemic, every American taxpayer got a stimulus check, including prisoners. |
| 0:24.6 | That windfall created a new class of investors behind bars. |
| 0:28.8 | We dive into the curious world of inside trading. |
| 0:34.0 | And the eldest daughter of Pablo Picasso spent her childhood doing paintings and sketches |
| 0:38.7 | beside him. |
| 0:40.2 | Our obituaries editor looks back on Maya Vidmire Picasso's life, as not only the artist's |
| 0:45.5 | news, but also an expert on his work. |
| 0:55.8 | He's the most up though. |
| 1:04.2 | More than half of the 50 richest people in the world, Forbes reckons, made their money |
| 1:09.3 | heading technology firms. |
| 1:12.0 | But the super rich of Silicon Valley aren't just good at making money. |
| 1:15.8 | It seems they're ambitious even when it comes to giving it away. |
| 1:19.9 | And that tide of charity carries with it the culture and the worldview of the industry |
| 1:24.4 | that created it. |
| 1:26.3 | Tech has spent the past two decades disrupting everything from shopping to television. |
| 1:31.7 | Charitable giving, it seems, is next. |
| 1:34.9 | So in recent decades, the tech sector has minted a whole generation of millionaires and |
| 1:39.7 | billionaires. |
| 1:41.1 | Avanti Gatilkadi is our international correspondent. |
... |
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