Monday, November 2, 2015
Several PNY Members’ Giving Contrasted with Silicon Valley’s ‘New Philanthropy’
The enduring credo of Silicon Valley is that innovation, not money, is its guiding purpose and that world-changing technology is its true measure of worth.
Wealth is treated as a pleasant byproduct, a bit like weight loss after rugged adventure travel.
The tech world is home to some of the planet’s wealthiest entrepreneurs and most dynamic philanthropists, 21st-century heirs to Carnegie and Rockefeller who say they can apply the same ingenuity and zeal that made them rich to making the rest of the world less poor. San Francisco also has one of the highest levels of income inequality in the nation, with the wealth distortion most concentrated among the very people who are driving the economy as a whole. . .