Degrowth Funded by 19th-Century Fortunes: Investigation Exposes Hidden Donors
The 19th-Century Family Fortunes Funding Degrowth
An Effort News investigation reveals that Partners for a New Economy (P4NE), the main funder of the degrowth roadmap NEEP, is financed by heirs to 19th- and 20th-century fortunes, including the Bosch, Getty, and C&A dynasties. Using Swiss bank accounts to obscure donations, P4NE received millions from foundations like Oak, Ford, and Omidyar. The report argues that these wealthy backers are insulated from the economic contraction they advocate, calling degrowth an extension of inherited wealth.
The reality is that donors give money to causes because those causes advance their goals.