Ed Pilkington investigates the curious cult of philanthropic capitalism in the US (Guardian Unlimited)

Within the upper echelons of American society there is a culture – a cult almost – of giving that is little understood outside the US. Call it capitalist philanthropy, or philanthropic capitalism if you prefer. At its core is the assumption that those who are blessed with great riches should give something back to those less fortunate, through foundations or charities established in their …