"This is an important book...We have to transform [the world] into one of shared responsibilities, shared opportunities, and a shared sense of community. Bishop and Green show us how to do it." - President Bill Clinton


Nicholas Kristof

I recommend the book Philanthrocapitalism by Matthew Bishop and Michael Green. Philanthropy has become much smarter in the last decade, partly because tycoons from Bill Gates to Jeff Skoll have brought a business sensibility to the field.

Jan 11, 2009

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Nicholas Kristof on Saving the World

Philanthrocapitalism is by the New York bureau chief for The Economist, Matt Bishop. It looks at the way so many hard-headed businessmen have gone into the humanitarian sphere in recent years. Traditionally, a lot of moguls did their philanthropy by giving money to the opera or to art museums. More recently, partly because of Bill Gates, there’s been a tendency to try to go into issues of global poverty. I think this has had a hugely positive effect, partly because businessmen are very results-focused. They are used to looking at metrics, and being very tough minded about what the most cost-effective way of achieving something is. So in malaria research, for example, a lot of these very wealthy people have not only focused a lot more attention on malaria globally but have also figured out creative ways of distributing nets and targeting malaria in other ways. To me, it’s hugely important – not only because of the money they’ve brought to the field, but also because of the rigorous mindset they’ve brought as well. This is something that Philanthrocapitalism documents very well.”

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