Friday, October 08, 2010

Food for thought

The prevailing ideas of a society are those of the ruling class, Marx stated. Here is one small example of how that happens. The University of Toronto, like all educational institutes, solicits donations from anyone and everyone. Many wealthy businessmen have donated to get their names on plaques, auditoriums, or even whole buildings, depending on the donation.
Those so commemorated are the likes of merchant banker Joseph Rotman, pharmaceutical entrepreneur, Leslie Dan, and businessman, Peter Monk, chairman of Barrick Gold, the world's largest gold mining company. Unfortunately, those without money, even icons such as Tommy Douglas, recently voted the Greatest Canadian of All Time, and considered the
father of Canada's public health care system, do not get their names on walls as a group of professors found out when they proposed naming the Health Studies Program after Douglas. Presumably, being dead, he was unable to contribute hard cash, and didn't meet the requirements for potential fund raising. Peter Monk donated $35 million to help set up the
Monk school of Global Affairs. Linda McQuaig and Neil Brook reveal in their new book, "The Trouble with Billionaires" (reviewed in Toronto Star 12/Sept/2010) that Monk would receive a tax refund of $16 million on the donation, more if he donated the money in the form of shares, reducing his donation to about half. Various levels of government contributed $66million but that didn't count for anything when it came to naming the building. It gets worse. Monk's donation will be spread out over many years and will be subject to his family's approval of the school, i.e. socialist professors need not apply. The school's director will be required to report annually to a board appointed by Munk 'to discuss the programs, activities, and initiatives of the school in greater detail.' Obviously, the school will have to reflect the views of Munk, not those of taxpayer John Ayers, even though I contributed much more (without my consultation, of course.) It is fine to have freedom of speech, but that right to get your ideas and opinions heard depends on how much money you have, as all elections show. John Ayers


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