tag:blogger.com,1999:blog-5320499219200491287.post9163530538797792105..comments2023-10-09T15:36:21.464-04:00Comments on Fairer Globalization: Philanthrocapitalism: Just Another Emperor?Policy Innovationshttp://www.blogger.com/profile/16579852959458521021noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5320499219200491287.post-50758292709506779062008-04-30T11:24:00.000-04:002008-04-30T11:24:00.000-04:00Amanda, thanks for your question. Philanthrocapita...Amanda, thanks for your question. Philanthrocapitalism is quite an unwieldy portmanteau for a fairly straightforward idea. Mike Edwards describes it as the "movement to harness the power of business and the market to the goals of social change." This covers social entrepreneurs that use the market to deliver beneficial goods and services. Some corporate social responsibility can probably be lumped in as well, along with big projects such as the Gates Foundation. <BR/><BR/>Overall, the trend represents the desire for greater accountability, effectiveness, and metrics in social development. As Krys points out, it's also about involvement: People are awakening to their influence on the social and physical environment and the power of participation. At the same time, we are still highly embedded in a consumerist system, so there's a natural merger with ethics.<BR/><BR/>Matthew Bishop of the <I>Economist</I> coined the term and is writing a book on the subject due out later this year. He debunks the concept a little in an <I>Alliance</I> magazine <A HREF="http://www.alliancemagazine.org/free/html/mar07e.html" REL="nofollow">article</A>.Evan O'Neilhttps://www.blogger.com/profile/10195391176848721827noreply@blogger.comtag:blogger.com,1999:blog-5320499219200491287.post-24766106010821413102008-04-30T03:52:00.000-04:002008-04-30T03:52:00.000-04:00Well there are a few interesting points made in th...Well there are a few interesting points made in this argument and I think that the shift is mostly caused by the newer generation looking for ways to buy into an experience, rather than a product, per se. So here is where I see MLM and network marketing as a viable form of product or service distribution among the new generation. It is because of the simple fact that this business model addresses every issue brought forth in this blog. In MLM employees are also the consumer and part owner of the company. Usually the products are built around a social need, whether it be health care, financial protection or management, or even a product which claims to increase gas mileage.<BR/><BR/>So, in essence, I believe that this business model has been adopted by different companies because of this so called "philanthrocapitalism". The employee has all the benefits of both partner and consumer, the person gets to experience the meaning behind their job and it allows the newer generation to socially connect and get invovled.Kryshttps://www.blogger.com/profile/06511178414234565953noreply@blogger.comtag:blogger.com,1999:blog-5320499219200491287.post-68156070017385510352008-04-29T22:29:00.000-04:002008-04-29T22:29:00.000-04:00Can you help me understand what exactly philanthro...Can you help me understand what exactly philanthrocapitalism is? I don't quite understandAmandahttps://www.blogger.com/profile/09384294970917793337noreply@blogger.com