What Is Philanthrocapitalism?
If you take the world into consideration then you know that almost everything is controlled by money, if you don’t have money there is no way for you to survive. Almost everything is profit based, and everyone is trying to earn it. Nobody intends on making a loss, but it just happens. The whole world is based on philanthropy, which is the desire to promote welfare of other, and give generous donations and contributions to others. This can’t be possible if there aren’t isn’t enough money in the world.
One of the world’s biggest philanthropist is Mark Zuckerberg, the founder of Facebook, he is considered one a social investor that means starting up charities and making donations and such. Now almost every big millionaire considers they are social investors and to a point it can be true. All of this is based on business, and how they yield in their profits and so forth. This can be considered as philanthrocapitalism. Now you may be wondering what is philanthrocaptialism? Well this can be explained later on, but what you have to know how it has an impact on the world, because it does, it is all based on money, so it will definitely have an impact on the world, not just the common people, but the government as well.
This is a way of doing philanthropy, as you know philanthropy is the way in which the welfare of the people is considered above all others, so to do so huge donations are made and charities are opened up to “save the world.” Philanthrocapitalism is where it considers the businesses way of doing things based on the for profit benefit of it. Even though they want to increase the world they area also caring about their business as it is their means of living.
What happens here is that it will involve venture philanthropy, which means businesses taking part in and investing in social programs to attain a certain goal, where the final outcome would bring those profits. This is where the term social investors comes from.
The history behind this comes from a book which was established by Matthew Bishop, and Michael Green. They say that ultimately the rich can save the world, and to some extent it could be true, hence the reason why there are so many charity options available, and so many donations being done to both private, and public sector charities.
But this could also be a hoax, maybe the true point of all of this isn’t to increase the welfare, but to generate a good reputation and name towards the business. Nowadays ethics and moral values are considered big time. Many customers buy from more ethical businesses, because they care about the compassion in the world. So if business want more customers to increase their profits it could be one of the reasons why they are becoming social investors. There are many ways to interpret this term, everyone has different opinions. Let’s take for example a meet and fuck hookup site that contributes to support against sex trafficking. Many might be opposed to the premise of this company promoting casual sex and hookup culture, but they are attempting to reframe what they offer by actively contributing to a global issue that plagues the relm that they operate in. Is this philanthrocapitalism? If so, is it bad? Arguments on both sides can be made.
The advantages and disadvantages of this?
You’ve learned what is philanthrocapitalism, now it’s time to take other peoples views and conditions into mind. When it comes to this there is more criticism towards than hoping that it is good. Why you may wonder as many people, especially the people that can give it back why there are negative points. Well most of these donations are given to the public sector, and the, most of it will go towards hospitals, but sometimes they may never receive it if the government is corrupt, they could take it for their own revenues, this is a huge disadvantage for many people.
Also philanthrocapitalism can be viewed as having limited transparency, and accountability. They choose what they demand, which could be having less of a risk on them, and deem those less important ones more important, rather than investing into situations that have no consequences what so ever.
Furthermore these investors are extremely wealthy, but how they became to be was with no morals at all. All of the business could have been done through predatory ways, so it could be corrupt money that is being invested and what people are calling them to be saints.
However not all business are like this, there are some which there full intentions were based on ethics. It could help in decreasing the poverty of the world if done right, this could increase the amount of education, which will allows people to be more educated and learn more skills, so that they can eventually get jobs.
All of this can happen, but it depends on the country, the businesses and its social investors and so on. There are possibilities for it to do well, but it can just end up making the rich richer, and the poor poorer as well.
How much is donated?
For this to have a big impact on the world it depends on how much is donated, and if it will be enough. Generally it is said that one on every ten households will donate to charities. If you’re expecting big corporations to donate it may be a bit far of. Back in 2014 in the States there was an accumulation of $358 billion in charities, and only 14% came from grants and foundations and 5% from corporations, so the other 81% came from individuals, now there is no certainty that all of these were wealthy people, because the people who don’t have much will also donate.
Overall what you have to know is no matter how much is donated it will depend on what the types of people, how much they earn, where they live and so on. It is difficult to assume that all these people are wealthy. Moreover there could be overseas donations as well. And if people are owners of big companies they will usually invest with their own name rather than the corporation itself, as this give that person more stability of the situation, and their personality.