They have an incentive to appease the elected officials who put them in that position
Do you think that an official in the department of eduction get's promotions based on whether what he's doing is prefered by congress? It's likely much more problematic to cross the teachers unions.
I think civil society is an important part of functioning democracy. That means it's good when there are indepent well-founded players who aren't maximizing their profits.
What incentives does a billionaire have?
Mark has an incentive that when Max is old enough to read the letter himself and critcally evualte it, he doesn't think his father is an asshole. Legacy is important.
Do you think that an official in the department of eduction get's promotions based on whether what he's doing is prefered by congress? It's likely much more problematic to cross the teachers unions.
Aren't school boards elected at a local level in the US?
Anyway, you seem to objection is overly general. Yes, the principal-agent problem exists in the government, but unless Zuckerberg is planning to personally oversee each individual grant given to each individual school or teacher, then he is going to hire some bureaucrats to do it, and he the principal-ag...
Mark Zuckerberg annouced that he is going to give away 99% of his facebook wealth ($45 billion) over his lifetime.
He announced guiding questions:
It's interesting that "live much longer and healthier lives" is on the list. Larry Page seems to divert money inside Google into Calico for anti-aging tech. Under Cook Apple also invests into health.
The future seems looking good :)