Home > Europe, Global Finance, History, Indian Economy, Politics, World Economy > How do philanthropists make their money in the first place?

How do philanthropists make their money in the first place?


Propaganda becomes history

Propaganda becomes history

This photograph appeared in Business Standard on 28th February, 2009. A business newspaper does not remember business history. Nearly 150 years later, David Sassoon drug running and his opium kingdom is forgotten. He becomes the great philanthropist. Did he make his money from philanthropy?

This is one of the two elephants in the Western history room!

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  1. March 10, 2009 at 5:15 pm

    If the philanthropist is a politician, you bet.

  2. March 10, 2009 at 5:30 pm

    Are you sure you are NOT being critical of colonial stereotypes!

    From colonial times, the Indian neta has been a favorite target of smear campaigns, innuendo and propaganda. Colonial administration in India worked hard to undermine the credibility of the Indian ‘neta’ -for obvious reasons. Colonial bureaucrats (and their successors, the IAS) covered their incompetence and corruption with this lopsided image of the neta. Indians politicians are possibly as corrupt as any others in the world.
    Ask the Japanese about Kakui Tanaka and Lockheed affair. Or ask the British about Mark Thatcher shenanigans. But don’t ask Americans about the son of bootlegger who flouted the US Constitution many times – John F.Kennedy. After JFK’s killing, 60 years on, there are many suspects who had motives. Mafia tops this list.

  3. March 10, 2009 at 6:45 pm

    You got me Anuraag. I’m not talking about the colonials but about corruption in general. I’m a Filipino see? 🙂

  4. March 10, 2009 at 6:54 pm

    Same difference!!

    Instead of British colonialists, the Philippines got Spanish and American colonials!! Instead of targetting and tarring Indian netas, the ex-colonials use their media clout to diminish native leadership!!

    If at all, Western politicians are probably more corrupt – but are definitely better organized!!

    Thanks for your comments and participation!

  1. July 12, 2009 at 10:49 am

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