*By Conor White* Americans [gave more than $410 billion](https://givingusa.org/giving-usa-2018-americans-gave-410-02-billion-to-charity-in-2017-crossing-the-400-billion-mark-for-the-first-time/) to charity last year. Many may see that as a positive trait, but author Anand Giridharadas thinks such altruism can often do more harm than good. "I started this book trying to understand how is it that we live in this age of tremendous generosity and a system that reliably shuts most people out of the 'American Dream'," Giridharadas said Thursday in an interview on Cheddar. In his new book, "Winners Take All: The Elite Charade of Changing the World," Giridharadas points to the Koch brothers, [the Sackler](https://www.theguardian.com/us-news/2018/feb/13/meet-the-sacklers-the-family-feuding-over-blame-for-the-opioid-crisis) family, and Goldman Sachs, among other examples, as entities that are praised for their giving but may actually cause real damage to Americans. "The reality is, this 'changing the world' thing gives you a moral glow and allows you to get away with power grabbing that we would never allow some chemical company to get away with," said Giridharadas, formerly a reporter for the New York Times. He said the same theory applies to some very prominent American visionaries. "Mark Zuckerberg's not going to change the world, Elon Musk is not going to change the world," Giridharadas said. "These people say they're changing the world to grab wealth and power." While tech mogul Zuckerberg has [promised](https://www.nytimes.com/2015/12/02/technology/mark-zuckerberg-facebook-charity.html) to give away most of his wealth, Giridharadas noted that he's also the same person responsible for building a monopoly, putting newspapers out of business, and potentially allowing foreign actors to interfere in U.S. elections. "We need to change where we go to change the world," Giridharadas said. In Giridharadas's view, America can solve some of its many problems by strengthening federal programs and reforming systems that already exist. "We don't create one little charter school, we actually make sure we fund all public schools in America adequately and equally," he explained. "We don't allow some people to get health care and others not, we actually give people health care based on their being a human being." "We need not an age of little initiatives and projects and giving back, we need an age of reform." "Winners Take All: The Elite Charade of Changing the World" was [released](http://www.anand.ly/) on Tuesday. For full interview [click here](https://cheddar.com/videos/why-philanthropy-is-bad-for-democracy).

Share:
More In Business
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More