Harvard University assembled a team of prestigious experts and set them loose on the problem of Facebook cultivating and spreading disinformation. Then the Zuckerbergs gave Harvard University $500m. Then Harvard University shut the team down.
Academia, eh? How does it work? /s
this so much ^
bring the tax rates back to where they were before the 80s, and it would do wonders. it’s not even a matter of balancing the budget ( sure why not, if you can ) - it’s needed to have a functioning democracy
Universities across this great nation need to be notified of this potentially lucrative opportunity, so that they can all assemble teams of experienced investigators and complete the analyses that were underway at Harvard. No time to waste!
The difference is, depending on how the donation is structured, they can ensure they stay bought for a long time. Politicians, not so much.
If nothing else, Dr. Donovan seems able to bring in the funding, always a plus.
Donovan had raised $12 million to support the Technology and Social Change project since she joined the Shorenstein Center, she wrote in a statement Friday following this article’s publication. It is unclear if the project will have spent all of its funding by the time it shuts down at the end of the month.
The thought of Zuck spending billions trying to buy out a secession of universities would warm my heart if they applied the money, rather than stashing it in their portfolios. (Yeah, right.)
“Please Bluck Juck ShaZuck, don’t buy this university!” (Bugs voice)
It makes perfect sense when you see Harvard as an investment bank that keeps a sideline in teaching for prestige.
And also a real estate holding company. The larger an American institution gets, the more it carcinises into one (e.g. McDonald’s, NYU, Starbucks, consumer banks, the U.S. government).
It’s also important for Capitalism, and Market Economies, and Consumer Economies.
All of those are designed to move capital and resources where they can be effectively put to use. Here’s a hint, Mark Zuckerberg and Elon Musk are … let’s be nice and say… “not that”.
Taxing the wealth encourages/forces them to do things with it, rather than just horde it, and collect rent (interest, dividends, etc) on it.
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