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Winners Take All: What are the Economics and Social Costs of Altruism?

As the lines between the public and private sectors blur and faith in the government wanes, it is becoming more common for investors to advocate for social as well as financial returns and for wealthy business leaders to launch their own nonprofits to tackle poverty, inequality, or other social issues. But what if help from the global elite is doing more harm than good? Join former New York Times columnist Anand Giridharadas and Chicago Booth professor Marianne Bertrand as they discuss the themes of economic and social costs of altruism in Giridharadas’ new book, Winners Take All: The Elite Charade of Saving the World, in which he argues that the global elite’s efforts to “change the world” serve to preserve the status quo and obscure their role in causing the problems they later seek to solve.

This event is part of UChicago Innovation Fest 2019, a month-long celebration of pioneering discovery and entrepreneurial endeavors at the University of Chicago. Organized by the Polsky Center for Entrepreneurship and Innovation, the series of events, workshops and accelerator programs, including the globally recognized Edward L. Kaplan, ’71, New Venture Challenge, highlights the breadth and impact of innovation at UChicago in the areas of entrepreneurship and research commercialization, scientific advancements, and social and global impact. This year’s Innovation Fest will take place May 1-June 9, 2019. For more information, visit innofest.uchicago.edu.

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