Oct 7, 2024, 12:00 AM
Oct 7, 2024, 12:00 AM

Can Money Help Save Democracy?

Provocative
Highlights
  • Experts discussed the rise of autocracies and the importance of philanthropic funding for democracy at the Athens Democracy Forum.
  • Philanthropic contributions to democratic initiatives surged to nearly $7 billion in 2021 and 2022, driven by concerns over upcoming elections in the U.S.
  • Panelists emphasized the urgent need for resources to protect electoral practices and voter rights in the face of increasing global autocracy.
Story

In Athens, Greece, experts gathered for the Athens Democracy Forum to discuss the increasing threat of autocracies worldwide and the role of philanthropic funding in supporting democracy. With general elections approaching in the United States, concerns about the state of democracy have intensified, leading to a significant rise in financial contributions to organizations dedicated to democratic causes. A report indicated that philanthropic funding for democracy surged by 42 to 61 percent, reaching nearly $7 billion in 2021 and 2022. Panelist Emily Thielmann highlighted the urgency of these resources, emphasizing the need for robust support to ensure the survival of democracy in the near future. The panelists underscored the importance of improving electoral practices and protecting voter rights, especially as a staggering 71 percent of the global population now lives under autocratic regimes, marking a 48 percent increase over the past decade. This alarming trend calls for immediate action to safeguard democratic values and practices.

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