The problem of our age is the proper administration of wealth, that the ties of brotherhood may still bind together the rich and poor in harmonious relationship.” So wrote Andrew Carnegie in his essay “Wealth,” which first appeared in the North American Review in 1889. Published today as the book The Gospel of Wealth, it is practically holy scripture for many of today’s philanthrocapitalists. In the early twenty-first century, social and environmental challenges proliferate, and friction grows between rich and poor, the proper administration of wealth is again the problem of the age. Carnegie’s approach to that problem is hugely appealing to the successful entrepreneurs who are embracing philanthropy today: That the solution is in their hands.
"In his 2008 book, Philanthrocapitalism: How Giving Can Save the World, The Economist’s Matthew Bishop asserts that, through philanthropy, the very wealthy can serve as “hyper-agents,” “who have the capacity to do some essential things better than anyone else.” "— Manhattan Institute
"The time has come for Britain to rediscover philanthropy, Matthew Bishop argues at the start of Philanthrocapitalism."— The Guardian
"Written in a style that is immediately understandable and accessible, Philanthrocapitalism is a concise and direct roadmap for how we all can make the world a better place by learning lessons from those who are already making a difference."— Look to the Stars
Getting Beyond Better sets forth a bold new framework, demonstrating how and why meaningful change actually happens in the world and providing concrete lessons and a practical model for businesses, policymakers, civil society organizations, and individuals who seek to transform our world for good. Roger L. Martin and Skoll Foundation President
The Go-Giver tells the story of an ambitious young man named Joe who yearns for success. Joe is a true go-getter, though sometimes he feels as if the harder and faster he works, the further away his goals seem to be. And so one day, desperate to land a key sale
"The problem of our age is the proper administration of wealth, that the ties of brotherhood may still bind together the rich and poor in harmonious relationship" Andrew Carnegie
This is the spirit of philanthrocapitalism: Successful entrepreneurs trying to solve big social problems because they believe they can, and because they feel they should.
“Most things in world health are improving because technology is improving. But there is a huge market failure on the research side,” Bill Gates
“The market failure is that there are no economic signals that cause people and money to be put to work on, say, developing a malaria vaccine, which in terms of the human condition, should be one of the top medical activities.” Bill Gates
Having been able to build philanthropy into its organizational structure from the start of its life as a public company, Google has arguably gone further than any other big firm in philanthrocapitalistic innovation.
The two key aspects to being a social entrepreneur are having a social purpose and being entrepreneurial.