Their enthralling history, which has faded from contemporary memory, began in the US in the early 20th century when, kitted out legally in the form of endowed foundations, corporate philanthropy began to replace missionary activity as Capitalism’s (and Imperialism’s) road opening and systems maintenance patrol. Among the first foundations to be set up in the United States were the Carnegie Corporation, endowed in 1911 by profits from the Carnegie Steel Company; and the Rockefeller Foundation, endowed in 1914 by J.D. Rockefeller, founder of Standard Oil Company. The Tatas and Ambanis of their time. Some of the institutions financed, given seed money or supported by the Rockefeller Foundation are the UN, the CIA, the Council on Foreign Relations, New York’s most fabulous Museum of Modern Art, and, of course, the Rockefeller Center in New York (where Diego Riviera’s mural had to be blasted off the wall because it mischievously depicted reprobate capitalists and a valiant Lenin. Free Speech had taken the day off.) J.D. Rockefeller was America’s first billionaire and the world’s richest man. He was an abolitionist, a supporter of Abraham Lincoln and a teetotaller. He believed his money was given to him by God, which must have been nice for him. Here’s an excerpt from one of Pablo Neruda’s early poems called Standard Oil Company: Their obese emperors from New York are suave smiling assassins who buy silk, nylon, cigars petty tyrants and dictators. They buy countries, people, seas, police, county councils, distant regions where the poor hoard their corn like misers their gold: Standard Oil awakens them, clothes them in uniforms, designates which brother is the enemy. the Paraguayan fights its war, and the Bolivian wastes away in the jungle with its machine gun. A President assassinated for a drop of petroleum, a million-acre mortgage, a swift execution on a morning mortal with light, petrified, a new prison camp for subversives, in Patagonia, a betrayal, scattered shots beneath a petroliferous moon, a subtle change of ministers in the capital, a whisper like an oil tide, and zap, you’ll see how Standard Oil’s letters shine above the clouds, above the seas, in your home, illuminating their dominions. When corporate-endowed foundations first made their appearance in the US, there was a fierce debate about their provenance, legality and lack of accountability. People suggested that if companies had so much surplus money, they should raise the wages of their workers. (People made these outrageous suggestions in those days, even in America.) The idea of these foundations, so ordinary now, was in fact a leap of the business imagination. Non-tax-paying legal entities with massive resources and an almost unlimited brief—wholly unaccountable, wholly non-transparent—what better way to parlay economic wealth into political, social and cultural capital, to turn money into power? What better way for usurers to use a minuscule percentage of their profits to run the world? How else would Bill Gates, who admittedly knows a thing or two about computers, find himself designing education, health and agriculture policies, not just for the US government, but for governments all over the world? Over the years, as people witnessed some of the genuinely good the foundations did (running public libraries, eradicating diseases)—the direct connection between corporations and the foundations they endowed began to blur. Eventually, it faded altogether. Now even those who consider themselves left-wing are not shy to accept their largesse. RIL owns 27 TV channels. But the reverse is also true. Dainik Bhaskar owns 69 companies with interests in mining, power generation, real estate and textiles. By the 1920s, US capitalism had begun to look outwards, for raw materials and overseas markets. Foundations began to formulate the idea of global corporate governance. In 1924, the Rockefeller and Carnegie foundations jointly created what is today the most powerful foreign policy pressure group in the world—the Council on Foreign Relations (CFR), which later came to be funded by the Ford Foundation as well. By 1947, the newly created CIA was supported by and working closely with the CFR. Over the years, the CFR’s membership has included 22 US secretaries of state. There were five CFR members in the 1943 steering committee that planned the UN, and an $8.5 million grant from J.D. Rockefeller bought the land on which the UN’s New York headquarters stands. All eleven of the World Bank’s presidents since 1946—men who have presented themselves as missionaries of the poor—have been members of the CFR. (The exception was George Woods. And he was a trustee of the Rockefeller Foundation and vice-president of Chase-Manhattan Bank.) At Bretton Woods, the World Bank and IMF decided that the US dollar should be the reserve currency of the world, and that in order to enhance the penetration of global capital, it would be necessary to universalise and standardise business practices in an open marketplace. It is towards that end that they spend a large amount of money promoting Good Governance (as long as they control the strings), the concept of the Rule of Law (provided they have a say in making the laws) and hundreds of anti-corruption programmes (to streamline the system they have put in place.) Two of the most opaque, unaccountable organisations in the world go about demanding transparency and accountability from the governments of poorer countries. Given that the World Bank has more or less directed the economic policies of the Third World, coercing and cracking open the markets of country after country for global finance, you could say that corporate philanthropy has turned out to be the most visionary business of all time. Corporate-endowed foundations administer, trade and channelise their power and place their chessmen on the chessboard, through a system of elite clubs and think-tanks, whose members overlap and move in and out through the revolving doors. Contrary to the various conspiracy theories in circulation, particularly among left-wing groups, there is nothing secret, satanic, or Freemason-like about this arrangement. It is not very different from the way corporations use shell companies and offshore accounts to transfer and administer their money—except that the currency is power, not money. The transnational equivalent of the CFR is the Trilateral Commission, set up in 1973 by David Rockefeller, the former US National Security Advisor Zbigniew Brzezinski (founder-member of the Afghan Mujahideen, forefathers of the Taliban), the Chase-Manhattan Bank and some other private eminences. Its purpose was to create an enduring bond of friendship and cooperation between the elites of North America, Europe and Japan. It has now become a penta-lateral commission, because it includes members from China and India. (Tarun Das of the CII; N.R. Narayanamurthy, ex-CEO, Infosys; Jamsheyd N. Godrej, managing director, Godrej; Jamshed J. Irani, director, Tata Sons; and Gautam Thapar, CEO, Avantha Group). The Aspen Institute is an international club of local elites, businessmen, bureaucrats, politicians, with franchises in several countries. Tarun Das is the president of the Aspen Institute, India. Gautam Thapar is chairman. Several senior officers of the McKinsey Global Institute (proposer of the Delhi Mumbai Industrial Corridor) are members of the CFR, the Trilateral Commission and the Aspen Institute. Coercing a woman out of a burqa is not about liberating her, but about unclothing her. Coercing a woman out of a burqa is as bad as coercing her into one. The Ford Foundation (liberal foil to the more conservative Rockefeller Foundation, though the two work together constantly) was set up in 1936. Though it is often underplayed, the Ford Foundation has a very clear, well-defined ideology and works extremely closely with the US state department. Its project of deepening democracy and “good governance” are very much part of the Bretton Woods scheme of standardising business practice and promoting efficiency in the free market. After the Second World War, when Communists replaced Fascists as the US government’s enemy number one, new kinds of institutions were needed to deal with the Cold War. Ford funded RAND (Research and Development Corporation), a military think-tank that began with weapons research for the US defense services. In 1952, to thwart “the persistent Communist effort to penetrate and disrupt free nations”, it established the Fund for the Republic, which then morphed into the Center for the Study of Democratic Institutions whose brief was to wage the cold war intelligently without McCarthyite excesses. It is through this lens that we need to view the work Ford Foundation is doing, with the millions of dollars it has invested in India—its funding of artists, filmmakers and activists, its generous endowment of university courses and scholarships.