Luncheon Presentation by Matthew Bishop, US Business Editor and New York Bureau Chief, The Economist
Governments have, traditionally, led the fight against poverty and tackled the social problems that divide societies. But their track record has been, at best, mixed. The recent financial crisis has forced governments to scale back spending and a new approach to solving social problems is needed, one based on innovative partnerships between business, nonprofits, and government. A group of wealthy entrepreneurs and business leaders is increasingly taking the initiative in creating these solutions. Rejecting the idea that business is about short-term profits, these "philanthrocapitalists" believe that businesses can "do well by doing good." What is this new movement? What are the implications of philanthrocapitalism? How and why are people turning into philanthrocapitalists?
Matthew Bishop is the co-author of Philanthrocapitalism, which documents this global movement. He is also the co-author of The Road From Ruin: A New Capitalism for a Big Society. He is the US Business Editor and New York Bureau Chief of The Economist and was previously their London-based Business Editor. Before joining The Economist, Bishop was on the faculty of London Business School. A graduate of Oxford University, he has been honored as a Young Global Leader by the World Economic Forum. Book sale after program.