What's Philanthrocapitalism?

    What do John Rockefeller and Bill Gates have in common? Both are central figures of philanthrocapitalism, says Matthew Bishop, co-author of "Philanthrocapitalism: How the Rich can Save the World." This movement, he says, refers to efforts by rich people to promote social change not only through generosity but also employing business-like approaches to ensure efficient use of their donations.

    About the author

    • David Lepeska

      David has served as U.N. correspondent for the newswire UPI and reported for several major newspapers, including the New York Daily News and Newsday. He was chief correspondent for the Kashmir Observer in Srinagar, India, and regularly contributes to the Economist, among other publications. Since 2007, David has reported for Devex News from Washington, New York, as well as South Asia.