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Contrasting Two Models of Wealth Redistribution

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  • Acs, Zoltan J
  • Dana, Leo Paul

Abstract

Philanthropy tries to improve the condition of people. Yet there are different models of philanthropy. American philanthropy tries to improve conditions for different people, without reference to race or language; this evolved from the notion of equality. In contrast, Chinese clans arose in Singapore, as a response to a society segmented along racial and linguistic lines; in a culture that emphasized face, rich entrepreneurs could "buy" prestige and leadership positions, by assisting their poor. This article examines philanthropy as practiced by entrepreneurs in America, and compares this to the Chinese model of wealth redistribution. The latter is centered on clan associations. In the new economy, however, these have been losing importance, as governments take on some roles previously taken care of by such associations; this includes, for instance, education and assistance to start-up entrepreneurs. We conclude that there appears to be a relationship between philanthropy, government and entrepreneurship. Copyright 2001 by Kluwer Academic Publishers

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  • Acs, Zoltan J & Dana, Leo Paul, 2001. "Contrasting Two Models of Wealth Redistribution," Small Business Economics, Springer, vol. 16(2), pages 63-74, March.
    • Handle: RePEc:kap:sbusec:v:16:y:2001:i:2:p:63-74
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    Cited by:

    1. Amankwah-Amoah, Joseph & Lu, Yindfa, 2018. "Historical Evolution of Entrepreneurial Development in the Global South: The Case of Ghana, 1957-2010," MPRA Paper 88179, University Library of Munich, Germany.
    2. Cai, Meina & Caskey, Gregory W. & Cowen, Nick & Murtazashvili, Ilia & Murtazashvili, Jennifer Brick & Salahodjaev, Raufhon, 2022. "Individualism, economic freedom, and charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 868-884.
    3. Tomasz Mickiewicz & Arnis Sauka & Ute Stephan, 2010. "Entrepreneurship and Philanthropy after Socialism," TeliaSonera Institute Discussion papers 10, Baltic International Centre for Economic Policy Studies (BICEPS);Stockholm School of Economics in Riga (SSE Riga).

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