This moved me. It is a make believe restaurant in Vigo in which unemployed parents in Spain take their children to “eat out”. They take turns as volunteers. It is really a charity that makes children believe that their parents can afford to take them out to a restaurant. I felt so bad for those parents.

If you don’t live in Spain and you come here and go around you would be surprised. Spain is actually a wealthy country in global terms and it doesn’t look poor when you travel around here. But since the construction industry collapsed unemployment grew from 8% to 21%. Basically all of those who worked in that industry are having a very hard time finding a new role in the economy for themselves. The collapse of real estate had a tremendously negative multiplier effect. It is a huge part of the population that is in such bad shape and it will probably take a decade for unemployment to go down to where it was in 2008. In the meantime initiatives like this help alleviate the pain of those who have fallen into poverty.

To many Europeans, American style philanthropy evokes a mix of admiration and contempt. Admiration because America has wealthy individuals who are willing to give a significant part of their income to improve the state of the world. Contempt because they believe that we cannot leave “improving the state of the world” in the hands of wealthy individuals. Personally, I think that the the problem here is one of degree. The American government is far too stingy in helping the world compared to European governments, but American individuals are remarkably generous. Bottom line is the American government should donate more. But the wealthy citizens in Europe should definitely be more charitable. Here at the Clinton Global Initiative we see American style philanthropy at work, and it´s amazing to see that at every session there´s an announcement of somebody coming up with an amazing donation.

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