The new global governors: globalization, civil society, and the rise of private philanthropic foundations

Abstract

One of the important drivers of change within contemporary global civil society is the growing power and influence of private philanthropic foundations (PPFs). To illustrate this argument, this article considers the cases of the Bill and Melinda Gates Foundation (BMGF) and the Open Society Foundations (OSF), the largest and fourth largest PPFs in the world today by wealth or assets, and, especially, their founders. The article considers their influence within global civil society, within the context of international development, and the consequences of their activities for a range of international actors. This is done in the context of debate within the literature on the activities of PPFs, in which the articles sides with advocates of critical scrutiny. In developing its argument, the article draws on a range of sources including the financial statements and audited accounts of PPFs, of other non-governmental organizations and of selected inter-governmental organizations. It is argued that the BMGF and OSF are engines of neoliberalism and potent symbols of a second distinct ‘gilded age’ and that their influence must be restrained through anti-trust measures and through greater taxation and regulation.