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Philanthrocapitalism: after the goldrush
Continue to the storyThe application of business principles to the world of civil society and social change has fashion, wealth, power and celebrity behind it. But where is the evidence that "philanthrocapitalism" works, and are there better ways to achieve urgently needed global social progress? It's time to end the hype and start the debate, says Michael Edwards. The idea that the targeted largesse of the super-rich can unlock the problems of global development and progress is a potent influence in the world of philanthropy, business and government. How valid is it? Michael Edwards opens a new debate with a searching scrutiny of the arguments for extending business principles into the worlds of civil society and social change.