Philanthrocapitalism: how the rich can save the world, and why we should let them

An examination of how today's leading philanthropists are revolutionizing the field, using new methods to have a vastly greater impact on the world. For philanthropists of the past, charity was often a matter of simply giving money away. For the philanthrocapitalists - the new generation of billionaires who are reshaping the way they give - it's like business. Largely trained in the corporate world, these "social investors" are using big-business-style strategies and expecting results and accountability to match. Bill Gates, the world's richest man, is leading the way: he has promised his entire fortune to finding a cure for the diseases that kill millions of children in the poorest countries in the world. In" Philanthrocapitalism," Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet--including Gates, Bill Clinton, George Soros, Angelina Jolie, and Bono, among others--they show how a web of wealthy, motivated donors has set out to change the world. Their results will have huge implications: In a climate resistant to government spending on social causes, their focused donations may be the greatest force for societal change in our world, and a source of political controversy. Combining on-the-ground anecdotes, expert analysis, and up-close profiles of the wealthy and powerful, this is a fascinating look at a small group of people who will change an enormous number of lives Who is going to lead the fight against poverty, build a sustainable future for our economies free from the threat of climate change, and take on the social problems that divide even the richest societies? For the past century, we have looked to governments to tackle these problems. But their track record has been, at best, mixed. The fiscal fallout of the financial crisis of 2008 also means that public budgets and government ambitions are going to have to be scaled back for at least a generation. A new approach to solving social problems is needed, based on innovative partnerships between business, nonprofits and government. A group of wealthy entrepreneurs and business leaders is increasingly taking the initiative in creating these innovative new solutions. Rejecting the idea that business is about short-term profits, damn the consequences to society and the environment, these philanthrocapitalists think the winners from our economic system should give back and that business can ‘do well by doing good’. In *Philanthrocapitalism*, Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet – including Gates, Bill Clinton, George Soros, Richard Branson, Angelina Jolie, and Bono, among others – they show how a web of motivated givers has set out to change the world. In the new, updated paperback edition of *Philanthrocapitalism* Bishop and Green also describe how new, smart ways of giving that harness the power of social networks can help all of us to become philanthrocapitalists and play a more effective part in changing the world for the better. The philanthrocapitalism revolution will have huge implications. As governments cut back their spending on social causes, giving may be the greatest force for societal change in our world. For Philanthropists Of The Past, Charity Was Often A Matter Of Simply Giving Money Away. For The Philanthrocapitalists - The New Generation Of Billionaires Who Are Reshaping The Way They Give - It's Like Business. Largely Trained In The Corporate World, These Social Investors Are Using Big-business-style Strategies And Expecting Results And Accountability To Match. Bill Gates, The World's Richest Man, Is Leading The Way: He Has Promised His Entire Fortune To Finding A Cure For The Diseases That Kill Millions Of Children In The Poorest Countries In The World. In Philanthrocapitalism, Matthew Bishop And Michael Green Examine This New Movement And Its Implications. Proceeding From Interviews With Some Of The Most Powerful People On The Planet - Including Gates, Bill Clinton, George Soros, Angelina Jolie, And Bono, Among Others - They Show How A Web Of Wealthy, Motivated Donors Has Set Out To Change The World. Their Results Will Have Huge Implications: In A Climate Resistant To Government Spending On Social Causes, Their Focused Donations May Be The Greatest Force For Societal Change In Our World, And A Source Of Political Controversy. Combining On-the-ground Anecdotes, Expert Analysis, And Up-close Profiles Of The Wealthy And Powerful, This Is A Fascinating Look At A Small Group Of People Who Will Change An Enormous Number Of Lives.--jacket. The Age Of Philanthrocapitalism -- Carnegie's Children -- The Spirit Of Philanthrocapitalism -- Billanthropy -- Investors For Good -- The Vision Thing -- Philanthropreneurship The Ebay Way -- Picassos, Genomes, And Ivory Towers -- The Return Of The Living Dead -- The Good Company -- Enter The Celanthropist -- Virtue's Middlemen -- The Age Of Plutocracy? -- The Gospel Of Wealth 2.0. Matthew Bishop & Michael Green. Includes Bibliographical References (p. [281]-288) And Index. "For philanthropists of the past, charity was often a matter of simply giving money away. For the philanthrocapitalists - the new generation of billionaires who are reshaping the way they give - it's like business. Largely trained in the corporate world, these "social investors" are using big-business-style strategies and expecting results and accountability to match. Bill Gates, the world's richest man, is leading the way : he has promised his entire fortune to finding a cure for the diseases that kill millions of children in the poorest countries in the world." "In Philanthrocapitalism, Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet - including Gates, Bill Clinton, George Soros, Angelina Jolie, and Bono, among others - they show how a web of wealthy, motivated donors has set out to change the world. Their results will have huge implications : In a climate resistant to government spending on social causes, their focused donations may be the greatest force for societal change in our world, and a source of political controversy. Combining on-the-ground anecdotes, expert analysis, and up-close profiles of the wealthy and powerful, this is a fascinating look at a small group of people who will change an enormous number of lives."--Résumé de l'éditeur The age of philanthrocapitalism Carnegie's children The spirit of philanthrocapitalism Billanthropy Investors for good The vision thing Entrepreneurs and social entrepreneurs The return of the living dead The good company Enter the celanthropist Virtue's middlemen The age of plutocracy? The gospel of wealth.