Big Philanthropy Has Reasons to Fear Populist Fervor

After four years of national elections, it’s safe to say that America is in the grips of a new populist insurgency. Spanning the political spectrum, it seems to be an insurgency against big institutions of all sorts. Big corporations and banks are in disrepute with voters on the left; big government and big plans for its expansion are in disrepute with voters on the right.

And throughout American history, beginning with the creation of the Commission on Industrial Relations in

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