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Article

20 Mar 2008

Author:
Michael Edwards

Philanthrocapitalism: after the goldrush

It's indisputable that something genuinely important is stirring in the world of philanthropy - a movement to harness the power of business and the market to the goals of social change..."philanthrocapitalism"...I'm arguing that: The hype surrounding philanthrocapitalism runs far ahead of its ability to deliver real results...The increasing concentration of wealth and power among philanthrocapitalists is unhealthy for democracy...The use of business and market thinking can damage civil society...Philanthrocapitalism is in part a symptom of a profoundly unequal world. It hasn't yet demonstrated that it provides the cure. [refers to Gates Foundation, Google, Hindustan Lever (part of Unilever), e-Bay]