Big Think: Philanthrocapitalism

Matthew Bishop discusses how the age of the ultra-rich created a new wave of philanthropy

The Economist editor Matthew Bishop has a knack for looking on the bright side: in this age of capitalism, inequality and multi-billionaires, Bishop focus on potential rather than gloom. His book, Philanthrocapitalism, describes how this age of rampant capitalism has started a charitable trend among the ultra rich. Above, he describes the theory behind this new form of aid to Big Think. Bishop also talked to Big Think about he dynamic between capitalist philanthropy and government aid, and how non-profits saved Nike, and more.