The Philanthropic Illusion: Why Capitalism Trumps Charity Bill Ackman, founder of Pershing Square Capital Management, has sparked controversy with his assertion that capitalism can have a greater impact on society than philanthropy.
In an era where wealthy individuals are expected to use their fortunes to address social ills, Ackman's views may seem heretical, but they offer a necessary correction to the prevailing narrative about contributing to the public good.
Ackman argues that philanthropy is often less efficient than capitalism in creating meaningful change.