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That's not an element specific to China. Wealth inequality is fairly well accepted to be a threat to social stability and the economy. People tend to see such i
by DasIch 11y ago
That's not an element specific to China. Wealth inequality is fairly well accepted to be a threat to social stability and the economy. People tend to see such inequality is unfair and at some point they are going to discover their revolutionary side.
It's therefore not merely in the interest of rich people to be philanthropists, it's also in the interest of governments to achieve a certain balance. I think the latter is a far bigger reason for philanthropy. It's hard to argue for taking money away from people who are already engaged in philanthropy.
That is also mirrored in the article. The government isn't entirely happy with this rich second generation, philanthropy helps with that.