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Factually! with Adam Conover

Why Giving Cash Works with GiveDirectly’s Michael Faye

Factually! with Adam Conover

Headgum

Comedy

4.62.3K Ratings

🗓️ 29 July 2020

⏱️ 74 minutes

🧾️ Download transcript

Summary

So many charities try to fix poverty by giving away goods, services, and training. But why not address the actual problem and give away… money? Michael Faye, President and co-founder of the charity GiveDirectly, joins Adam to explain the evidence behind direct cash giving, and wrestles with the question of whether philanthropy can ever create systemic change. Learn more about your ad choices. Visit megaphone.fm/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This is a HeadGum Podcast. I don't know what you think I don't know what you say

0:16.0

and that's all right

0:19.0

yeah that's okay

0:22.0

I don't know anything.

0:28.0

Hello, welcome to factually. I'm Adam Conover and look, if you've watched TV over the last four decades you've seen the

0:35.2

commercials you know the ones I'm talking about the commercials where a white person

0:39.2

walks through a village and some undefined but impoverished foreign country stares plaintively at the camera

0:45.2

and tells you how you can help.

0:48.1

Maybe there are some cute kids running around for extra sympathy, right?

0:50.8

Everybody loves cute kids.

0:52.0

Now, these calls for donations,

0:53.6

whether they're in a commercial or online, are usually focused around giving

0:57.0

things like food, or digging wells, or sponsoring medical procedures, or hey,

1:01.7

maybe giving livestock, cows cows or even lending money to

1:05.6

impoverished people so that they can invoke the secret of entrepreneurship and better

1:10.3

themselves.

1:11.3

Now the impulse behind these commercials is a good one I think we

1:15.6

should want to help it's good that these people are trying to help but that

1:19.8

doesn't mean that the help we give or the help these ads and these organizations are seeking to offer is guaranteed to work.

1:28.0

For instance, maybe you give an impoverished person a cow, well maybe that helps them or maybe they can't afford to

1:34.4

feed the cow or maybe it's not a great location for the cow to be in so maybe they

1:39.1

end up just selling the cow in order to get the money instead or if you give a family a micro loan

...

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