- Publisher: Bloomsbury Press; First Edition edition
- Language: English
- ASIN: B002VPE6Z2
- Product Dimensions: 6.4 x 1.1 x 9.6 inches
- Shipping Weight: 1.2 pounds (View shipping rates and policies)
- Average Customer Review: 12 customer reviews
- Amazon Best Sellers Rank: #2,049,921 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ $3.99 shipping
+ $3.99 shipping
Philanthrocapitalism: How the Rich Can Save the World Hardcover
|New from||Used from|
See the Best Books of 2018 So Far
Looking for something great to read? Browse our editors' picks for the best books of the year so far in fiction, nonfiction, mysteries, children's books, and much more.
“A terrific book about how private money can help solve even the most difficult public problems. Philanthrocapitalism is the definitive guide to a new generation of philanthropists who understand innovation and risk-taking, and who will play a crucial part in solving the biggest problems facing the world.” ―Mayor Michael Bloomberg
“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 book provides 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--This text refers to an out of print or unavailable edition of this title.
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.--This text refers to an out of print or unavailable edition of this title.
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
The book concludes with a tongue-in-cheek imagining of a gathering of the senior philanthrocapitalists in 2025 on Richard Branson's mansion in space: the Gates, Jeff Skoll, Oprah Winfrey, Mo Ibrahim, Angelina Jolie and the new U.S. president, Larry Page.
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.
The authors begin with a little history of philanthropy as they focus on some of the giants of contemporary philanthropy, most notably Bill Gates and Warren Buffet. These are men who have acquired such a staggering amount of money that it would be irresponsible to leave it all to their relatives or friends. The understanding is that when you have as much money as these guys have--literally billions of dollars--you have an obligation to use that money and the power derived from it for the betterment of humanity. Or at least that is the new way of thinking as this book clearly shows. Even corporate giants like the much criticized Wal-Mart have gotten into what the authors call "The Spirit of Philanthrocapitalism." Consider these words from Lee Scott, Wal-Mart's chief executive:
"What would it take for Wal-Mart to be...at our best all the time? What if we used our size and our resources to make this country and this earth an even better place for all of us: our customers, associates, our children, and generations unborn?...Is this consistent with our business model?" (p. 187)
Considering that corporations in this age of globalization are thought by some to be very much the problem and not the solution to humankind's challenges--see, for example, The Corporation: The Pathological Pursuit of Profit and Power (2004) by Joel Bakan--this is a refreshing point of view. And it makes sense when you think about it. Bill Gates and Warren Buffet now spend most of their time redistributing their wealth. Such work is more than a full time job; it's a new career. What if the heads of corporations realized the social and moral responsibility they have incurred by their very success, not through the persons of their retired executives, but through their present day business models?
Bishop and Green devote a chapter to the ideal of "The Good Company." It's obvious that they would like to see corporations do more, especially considering the great challenges that we currently face in terms of pollution, water depletion, global warming, food shortages, corrupt governments, etc. Google comes in for a bit of critical scrutiny from Bishop and Green who believe that the giant multinationals should go beyond the façade of good public relations to the wisdom of enlightened self-interest. They quote Klaus Schwab, founder of the World Economic Forum, as saying, "global corporate citizenship can be considered a long-term investment. Since companies depend on global development, which in turn relies on stability and increased prosperity, it is in their direct interest to help improve the state of the world." Unfortunately, Schwab further notes that "the pursuit of short-term profits at the expense of the long-term best interests of the firm may lead to 'corporate attention disorder,' whereby companies lose focus on the big picture." (p. 181)
The big picture of course is sustainability of your advantageous position in the world economy. I see on television night after night examples of how some companies think they can manage that with slick advertizing. Oil companies present commercials in which they urge people to use less energy. You might ask why they do that until you realize that the commercials have nothing to do with cutting energy use, but everything to do with promoting a positive public image for their company. This is NOT the way to assume social and moral responsibility, especially by companies that are not paying the full environmental costs of doing business while they garner record company profits.
I think in essence this is what this book is about on the deepest level: an attempt to demonstrate through the example of philanthrocapitalism a way for the corporation of the future to become a trusted and valuable member of the world society irrespective of whatever product or service they produce or perform. A corporation should be something more that an amoral entity blind to everything but its bottom line. What profits do the leaders of these giants have when they realize, soon or late, that they will leave this world, as everyone else does, the same way they came in?
Citing examples set by the Gates Foundation, George Soros's Open Society Institute, the Carnegie Corporation and others, the authors are plainly urging those with the wherewithal to take a leadership role in shaping society by funding not just established charities but through the founding and funding other worthwhile projects including those dedicated to educational reforms, disease eradication, and scientific research. They also want the philanthropists of today to influence others not involved in charity to work for the common good. They quote Bill Gates as saying insightfully, "Go get 0.1 percent of the scientists working on erectile dysfunction to come and work on malaria and you will be making a huge contribution." (p. 51)
So, perhaps more than anything, the authors are showing how today's great philanthropists are using their celebrity and their prestige as well as their cash to help make this a better world. Let's hope more of them get involved.