From Buffett to Bono, here is how todays leading philanthropists are revolutionizing the field, using new methods to have a vastly greater impact on the world.
For philanthropists of the past, charity was often a matter of simply giving money away. For the philanthrocapitalists, the new generation of billionaires who are reshaping the way they give, its like business. Largely trained in the corporate world, these social investors are using big-business-style strategies and expecting results and accountability to match. Bill Gates, the worlds richest man, is leading the way: he has promised his entire fortune to finding a cure for the diseases that kill millions of children in the poorest countries in the world.
In Philanthrocapitalism, Matthew Bishop and Michael Green examine this new movement and its implications. Proceeding from interviews with some of the most powerful people on the planet - including Gates, Bill Clinton, Warren Buffett, Oprah Winfrey, and Bono, among others - they show how a web of wealthy, motivated donors has set out to change the world.
"A terrific book about how private money can help solve even the most difficult public problems. Philanthrocapitalism is the definitive guide to a new generation of philanthropists who understand innovation and risk-taking, and who will play a crucial part in solving the biggest problems facing the world." (Michael Bloomberg)
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It's amazing that people believe this nonsense!