Posts Tagged ‘Money’

Working inside the system

Saturday, March 8th, 2008

This is the big debate in education philanthropy right now.
There are two camps: the “fix the system” people and the “replace
the system” people. There are philanthropists who only want to help the
system get better, and they only invest through public-school districts. And
then there is a group of philanthropists who don’t believe the system
can be fixed or should be fixed, and they only invest in alternatives to the
system, like voucher programs or charter schools. There are a few, like the
Gates Foundation, that attempt to be a bridge. When I was at Gates, our belief
was that if your long-term goal is to provide quality schools for all kids,
then you have to do both. One of our main educational initiatives was to start
new small high schools. It was mostly an outsider approach, and it was pretty
successful. Of the 1,200 new schools, 80 percent of them are going to be good
to very good. That’s a high rate of success. But we only reached, with
those schools, 3 percent or 4 percent of American high-school students. You
look at that and you say: “O.K., that was a good investment. It’s
going to stick; it has lots of sustainability — but it won’t grow
to scale fast enough.” If you want to make a real impact, you have to
work inside the system, too.

Vander Ark lays this out in a group interview on how to make the biggest difference in education philanthropy, but that basic dictum applies in all sorts of other fields too. If you want to instigate political change within the United State, you’re far better served by pushing for it within one of the two major parties than to start or support a third-party that’ll likely never win any significant elections. Institutions often survive out of their skill at self-preservation, not necessarily their skill at intended tasks. And the ones that have been around for long enough are very good at it. Within the myriad, intertwining narratives of The Wire is a constant insistence that this is the way institutions perpetuate themselves, and that any institution will eventually turn against those whom it serves. Any reform has to be predicated upon accepting that fact, and Mr. Ark does just that.

Lawrence Lessig on Corruption

Monday, October 22nd, 2007


Lawrence Lessig fought the radical extension of copyright for 10 years, and now he’s turning his attention to the deeper problem of corruption in democratic institutions, with this presentation an early attempt to begin grappling with the issue. Over an hour long, it’s pretty much quality all the way through.

Viewing the links between money and politics

Sunday, October 21st, 2007

Maplight.org is a really interesting (and useful!) venture that allows anyone to easily view the relationships between money received by congresspersons and the votes they place on bills. For great examples, check out the intro video they offer.

Lawrence Lessig interview on corruption

Sunday, October 7th, 2007


Lawrence Lessig talks about his shift from fighting for better copyright law to his new efforts in stopping government corruption.

Arcade Fire’s Neon Bible music video

Saturday, October 6th, 2007

Arcade Fire’s new interactive music video for the song “Neon Bible” off their album of the same name. See also: Arcade Fire playing “Neon Bible” and “Wake Up” in a cargo elevator and the middle of their audience in one of the more touching videos I’ve seen.

Chinese-Made Toothpaste

Sunday, September 30th, 2007

A man in Panama found a tube of toothpaste which listed a dangerous chemical in its ingredients, which he brought to the attention of authorities there. This innocuous action led to subsequent international recalls of the toothpaste and the beginning of the current fervor over the safety of Chinese-manufactured items. So much for one person being inconsequential.

Investing in Natural Disasters

Saturday, August 25th, 2007

Sunday’s New York Times Magazine is up, and Michael Lewis has penned the cover story on catastrophe insurance. Widely known for two recent books on sports (Moneyball and The Blind Side), Lewis got his start by writing Liar’s Poker on his experiences as a bond salesman in the 80s. With that background, he tackles the long-marginalized efforts to spread out the risk in catastrophes. In effect, these are people who sell insurance to insurance companies; while car insurance companies can trust that accident rates will remain relatively steady on a year-to-year basis, other forms of insurance are more prone to epic acts of natural destruction from events like hurricanes or earthquakes. John Seo, the protagonist of our tale, figures out just how likely and just how costly such events are, risking billions of dollars in the process.

The subject dovetails nicely with Malcolm Gladwell’s profile of Nassim Taleb, a guy who sought to do the same thing with catastrophes that were merely financial in nature. Taleb has since written The Black Swan on the commonness of catastrophes in general.