EFFECTS OF BIG MONEY ON COLLEGES AND
UNIVERSITIES
“ . . the influence
of big money on campus extends
far beyond disclosure
forms, with
banks,
corporations, and entrepreneurs setting up chairs and institutes that apparently are intended to promote capitalism and free enterprise.
corporations, and entrepreneurs setting up chairs and institutes that apparently are intended to promote capitalism and free enterprise.
“In 2009, for
instance, the billionaire
hedge fund manager John
Paulson gave New York University
$20 million to create both
an Alan Greenspan Chair
in Economics and a John A. Paulson
Professor of Finance and Alternative Investments. In 2010, the Peter G. Peterson Foundation, which is dedicated to reducing government spending and the national debt, gave a three-year $2.45 million grant to Columbia University's Teachers College to develop a curriculum "about the fiscal challenges that face the nation," to be distributed free to every high school in the country. The philanthropic arm of BB&T, a financial services company in North Carolina, has given millions to more than sixty colleges and universities to examine the "moral foundations of capitalism" and promote the works of Ayn Rand. What has been the impact of these donations? How much control, if any, do the donors have over what's taught?”
Professor of Finance and Alternative Investments. In 2010, the Peter G. Peterson Foundation, which is dedicated to reducing government spending and the national debt, gave a three-year $2.45 million grant to Columbia University's Teachers College to develop a curriculum "about the fiscal challenges that face the nation," to be distributed free to every high school in the country. The philanthropic arm of BB&T, a financial services company in North Carolina, has given millions to more than sixty colleges and universities to examine the "moral foundations of capitalism" and promote the works of Ayn Rand. What has been the impact of these donations? How much control, if any, do the donors have over what's taught?”
Massing, Michael, ‘How to Cover the One Percent,’ The New
York Review, January 14, 2016, pp: 74-76.
