I’ve been at the nexus of tech and philanthropy for a long time, and wow: the coming wave of AI-fueled philanthropy gives us a real shot at ending the need for philanthropy. But only if it takes a radically different approach.
@nanransohoff did the math and estimates between $37-$100B of new philanthropy per year will come from the OpenAI Foundation, Anthropic founders, and Anthropic employees. That’s a 6-17% increase in annual U.S. philanthropy. She argues we’re not prepared to absorb it, because there aren’t enough good philanthropic opportunities.
But that's only if you inherit an assumption from earlier waves: that philanthropy should accept the current economic system as fixed and exist to plug its holes. Conservation to protect the lands the system would destroy. Malaria nets for those it leaves behind.
This new wave of capital can do something radically different: change the rules of the game, so that philanthropy is no longer necessary for a flourishing society.
You get what you incentivize. I saw Facebook turn into an addiction machine because that’s what our economic system rewards. Food is laced with sugar, trees are cut down, wages are squeezed. Because that’s what the system rewards. The things the system doesn’t reward, like clean air and water, or arts and universities, are left to the tiny sliver of the economy that is philanthropy. If the whole economy is producing the problems, no amount of traditional philanthropy can solve them.
Instead, philanthropy can catalyze a democratic economy that’s aligned with the public interest. Where the whole economy works in service to the things currently left to philanthropy. And because AI will supercharge whatever economy it lives within, aligning the economy is essential to aligning AI.
I’ve invested more than $100M of my own money into this work via my non-profit
@oneproject. They’ve funded 80 organizations that have generated 400 policy victories, moved $2B of capital into community control, and more. Which is how I know that the field of economic democracy can absorb vastly more money: Nearly every day, we come across great organizations and talent that could be highly effective if only they had the money.
The most ambitious thing this wave could do isn't to get better at the endless fight for good. It's to actually win. To dare to win the structural changes that create a better world, rather than playing eternal crisis whack-a-mole.
If you’re about to join this new philanthropic (phil-Anthropic?) class, winning economic democracy is the most leveraged thing your philanthropy can possibly do, because it ends the need for philanthropy.
Philanthropy has always treated symptoms. The AI wave should cure the disease.