October 30, 2008
Philanthrocapitalism on Trial
Will the collapse of the global financial system also bring down philanthrocapitalism?
After all, some of the most vocal advocates of taking a businesslike approach to giving made their money in the financial industry, and they are a lot less rich than they were. Meanwhile, the methods by which they made their money are being denounced as something between insanely risky and plain corrupt, hardly the sort of thing to put nonprofit groups on a sounder footing.
As Phil Buchanan
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