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Philanthrocapitalism: How Giving Can Save the World Paperback – November 10, 2009
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"Everything you need to know about the revolution underway in the world of philanthropy--its potential as well as its challenges. An indispensable book for anyone who cares about helping the world's four billion poor get a chance to live their dreams." --Hernando de Soto, author of "The Mystery of Capital"
"Without question the best book now available on the global explosion of philanthropy, the new forms of giving and volunteering, and the many variations of social entrepreneurship. Indeed, it is the only book that provides a comprehensive, worldwide view of this new age of charity. In reader-friendly prose, notable not only for its felicity but also for its lack of jargon, Bishop and Green document the state-of-the-art practices with which the flood of philanthropic dollars is being turned toward the world's critical social problems."--Joel Fleishman, author of "The Foundation"
"Important. Well-written. Timely. Here in this wonderful book, Matthew Bishop and Michael Green shine a light on sparkling examples of effective philanthropy, and how some of the most accomplished people are trying to solve the world's most intractable problems. A superb portrait of a vital new force shaping the world today, "Philanthrocapitalism" deserves to be widely read."--Jim Collins, author of "Good to Great"
"Matthew Bishop's and Michael Green's stunning bookprovides keen and penetrating insights into the growing significance of the new philanthropists and their commitment to use their wealth to change the world and deploy their wealth with capitalistic rigor. It is a must read for anyone searching for creative approaches to solving the world's problems."--Bill George, author of "True North" and former chair & CEO of Medtronic
About the Author
Matthew Bishop is chief business writer of the Economist. Michael Green is an expert on the relationship between government and the nongovernmental sector, particularly in the field of international development. Bishop lives in London, Green in New York.
Top Customer Reviews
However, Philanthrocapitalism is a great book, and I can't think of any category of educated person who should not read it. For starters there is a lot of mud on the windshield when it comes to social investing, venture philanthrophy, philanthropreneurship, social innovation, social entrepreneurship and the like. The book provides a vivid and reach exposure to how wealth is increasingly being applied to improve the state of the world. I learned about the ecosystems of social investing, and was stunned to learn what's actually happening in this area.
For some time there has been the expression among the Corporate Social Responsibility community "You do well by doing good." I don't think this has been true. Many companies have done well by being awful - by having terrible labor practices, bad products bolstered by good advertising, externalizing costs (such as industrial emissions) on society and the like. However increasingly in the age of transparency everyone is being held to higher standards. And a new generation of people with wealth are beginning to understand that you can't succeed in a world that is failing.
And what a great read. Every single chapter was packed with interesting stories about the players who are making this happen.Read more ›
A central thesis is that philanthrocapitalists have the potential to be "hyperagents" able to apply their acumen to "tipping points and bottle necks" in a pluralistic system where governments, corporations and NGOs combine to meet the world's biggest challenges.
Bishop and Green make this argument powerfully in this impressive dissection of the origins, motivations and likely direction of corporate philanthropy. There are some great stories about the rich and famous - I particularly liked the expletive-ridden exchange between P Diddy and Bill Gates - but this is not an exercise in philanthro-puffery. The authors accept that the chief motivation of many such givers is a lower tax bill. This is a highly-readable, well-crafted exposition of why that shouldn't make a jot of difference.
There are discussions of the efforts of efforts of Gates, Buffet, Turner, Andrew Carnegie and many others past and present. With even handed discussion of possible ulterior motives,
unintended consequences, and ethics of investment by not for profit foundations. Topics include some morphing of non profit foundations to for-profit honoring of founder's wishes
and the economics of awarding prizes. Especially interesting are the X prizes for science and mathematics.
It's a very edifying history and analysis of high finance philanthropy. The material is very original, not easily duplicated elsewhere.
Most Recent Customer Reviews
Gives you insight on Philantrophist think and why they give. Helps with grant request.Published 9 months ago by Amazon Customer
This book is a must read. It is very well sourced and provides an excellent insight into the minds of some of the wealthiest men on the planet.Published on September 24, 2012 by Jacob G
Throughout most of human history the rich have used their money to make more money and, quite frankly, they have often done so at the expense of those without much. Read morePublished on November 10, 2008 by Dennis Littrell
This excellent book is the first in-depth account of the new generation of philanthropists who will write the next few chapters of philanthropy. Read morePublished on November 9, 2008 by James Fruchterman