If you want to see how this plays out over the longer term, I suggest pick a country like Bangladesh, and see what happened in the 1980s onward when donor countries decided to channel their development funds through NGOs and not the military government at that time. I wrote an op-ed about it in mid 1990s. In the long term you end up with an NGO sector that is accountable to foreign donors, not the market or the public. You end up with millions of dollars for HIV research, which wasn’t a national problem, and none for arsenic in groundwater research, which was. Inadvertently you also create a talent flight from the public to the NGO sector from which the civil service never recovers. You are left with incompetent political actors replacing a merit based administration. You also end up with non competitive markets as NGOs start providing services that should be provided by private sectors. You eventually get ranked among the most corrupt countries of the world. And you wonder how did we get here.
Oof. These are bad reasons to bypass democracy. Philanthropy at this scale is governance without legitimacy or accountability. It determines agendas, resources, legibility of problems, but w no elections, no oversight. And I worry it won’t complement government, but undermine it.