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Article

1 Mar 2008

Author:
Michael Edwards, Demos: A Network for Ideas & Action, The Young Foundation

[PDF] Just Another Emperor? The Myths and Realities of Philanthrocapitalism

A new movement is afoot that promises to save the world by revolutionizing philanthropy, making non-profit organizations operate like business, and creating new markets for goods and services that benefit society. Nick-named “philanthrocapitalism” for short, its supporters believe that business principles can be successfully combined with the search for social transformation...There is a huge gulf between the hype surrounding this new philanthropy and its likely impact. Some of the newer philanthropists have come to recognize this...But too many remain captivated by the hype.