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.

By David Lepeska // 02 April 2009

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.