Thursday, November 13, 2008

Whose Leverage?

"Now, people are asking whether the recent struggles of some of capitalism's biggest winners, and the growing suspicion of some of capitalism's core methods, including Wall Street's use of leverage, mean that philanthrocapitalism is in trouble, too...In fact,there is reason to think that the need for philanthrocapitalism will be greater than ever, and that leverage will be one of the main reasons."

Matthew Bishop, "A Tarnished Capitalism Still Serves Philanthropy," New York Times, November 11, 2008.

Bad timing for a new book,Philanthropcapitalism: How the Rich Can Save the World to hit the streets. Who said "Let Them Eat Cake?"

I just read Forces for Good: The Six Practices of High-Impact Nonprofits. Not much mention of philanthrocapitalism, although I'm sure it played a role with individual nonprofits in some form.

"Being an extraordinary nonprofit isn't about building an organization and scaling it up. It's not about perfect management or outstanding marketing of having a large budget. Rather, its about finding ways to leverage other sectors to create extraordinary impact. Great nonprofits are catalysts: they transform the system around them to create greater good."

Feels like a battle of titans: Philanthrocapitalist Hyperagent versus Catalytic Force for Good. I'll bet on the extraordinary nonprofits. Yes, I know, we should all work together.

1 comment:

Anonymous said...

What leverage?

Gates Keepers