PhilanthroCapitalism is much more than a mouthful to say…
There are few words harder to say, or movements gaining momentum like “Philanthropic Capitalism” especially after a few sherbets. Two words from different realms thrust together. Let’s be honest the words and where they come from seems odd when placed together — philanthropy and capitalism. Odd bed fellows indeed.
I must admit I didn’t realise philanthropy was linked to profit, or capitalism allows giving stuff away for free. But then lots of the tags are subverted for media purposes. Or just maybe some peoples idea of philanthropy is only to do with profit motives?
Wiki describes it like this:
Philanthrocapitalism is a way of doing philanthropy, which mirrors the way that business is done in the for-profit world. It may involve venture philanthropy that actively invests in social programs to pursue specific philanthropic goals that would yield return on investment over the long term, or in a more passive form whereby “social investors” benefit from investing in socially-responsible programs.
Yes I like cake and I want to eat yours too…
As described the new word feels like philanthropists want their cake and eat it. Yes I will give money, investment money as long as the returns mirror the for-profit business world. This also I assume the same…
