The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
The world is experiencing a realignment unlike any other since the end of World War II. Nationalism and populism are surging in the United States and Europe, at the expense of liberal internationalism and democratic values. This poses a challenge to a wide range of institutions, including philanthropies committed to international development and social justice. Such foundations played a crucial role in building the liberal international order that has come under assault in recent years, and that the United States seems less willing to defend than ever before.
During much of the last century, philanthropic foundations based in the United States exported American ideals about democracy, market economies, and civil society. That mission was made possible by ideological support from and alignment with the U.S. government, which, in turn, imbued foundations with prestige and influence as they operated around the world. American philanthropies such as the Ford Foundation can