“While it’s hard to argue with more parks, or the generosity of donors like Mr. Diller, this isn’t just about new patches of green. It’s more evidence of how a hollowed-out public sector is losing its critical role, and how private wealth is taking the wheel and having a growing say over basic parts of American life… One result of this influx of funds into putatively public parks is that the city’s more affluent sections have nicer open spaces and playgrounds. Central Park is now a gleaming jewel thanks to $700 million in private investments, and two years ago a hedge fund manager — who lives in a mansion steps from the park — gave $100 million to shine it further. Private money now covers 75 percent of the park’s annual operating budget.”
There are probably some equivalences in the ways that science is being funded by private organizations as the Federal funding amount decreases.
No comments:
Post a Comment