Episode Twenty-One: What if dynasties of private wealth reimagined their relationship to money?

Rob Hopkins

It was recently announced that Chuck Feeney, the Irish American former airport duty free shopping entrepreneur who was worth $8bn, had, at the age of 89, succeeded in his goal of giving away all of his money to initiatives working to make the world a better place. Every cent. He suggested that to give away a huge fortune was far more fun than holding onto it. He once wrote “to those wondering about giving while living .. try it, you’ll like it”. In today's podcast we are exploring how it would be if Feeney's thinking were to be embraced by those holding the vast reserves of money that the world needs to address its complex problems right now. What if they shifted and recognised the need to let go of what they're holding onto? And how would it feel to do so? I'm joined by two amazing guests to discuss this. Dr Wanda Wyporska is Executive Director at The Equality Trust, the national charity that campaigns to reduce social and economic inequality. She is a Visiting Research Fellow at the University of York, a trustee of the Association of Chief Executives of Voluntary Organisations, Redthread Youth, and Equally Ours, as well as Governor of a primary school. Chuck Collins is the Director the Program on Inequality and the Common Good at the Institute for Policy Studies where he co-edits Inequality.org. He is author of the seminal book, Born on Third Base: A One Percenter Makes the Case for Tackling Inequality, Bringing Wealth Home, and Committing to the Common Good and co-author of Wealth and Our Commonwealth, a case for taxing inherited fortunes. His new book, The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions, is about the wealth defense industry and will be published in the UK in February 2021 and US in March 2021 by Polity Press. I hope you enjoy this conversation. Do let me know what you thought. My thanks to my guests, to you for subscribing to this podcast, and to Ben Addicott for production and our theme tune. See you next week when we join Wanda and Chuck at the Ministry of Imagination.