The Perils of Philanthrocapitalism

Venture philanthropy has been all the rage. Charity is out, social profits are in. Big NGOs have become the scourge of the entrepreneurial rich, who would rather start their own foundations and direct every dollar to their pet cause. Newspapers, magazines and books (including mine) have spotlighted this new generation of high-engagement rich, who want to give away their money the same way they made it: through the use of technology, statistical measurements, accountability and finance.