Aug 25
20200
"stakeholder capitalism" Emerging Markets Ethical Investment Fourth Industrial Revolution Great Reset Humans as Data Commodities Impact Investing Philanthrocapitalism Poverty Economy Social Impact Bonds
"Because their proponents frame social impact bonds as philanthropic endeavours, the violence required to financialize human life becomes obfuscated. We aim to historicize the violence of financialization by drawing out links between financial capitalism as it developed during the height of the Atlantic slave trade and the more subtle violence of philanthropic financial capitalism."
Jan 10
20190
350.org / 1Sky, Foundations, Pacifism as Pathology, Social Engineering, World Wildlife Fund (WWF)
350.org GoodPlanet foundation Jane Goodall Institute Philanthrocapitalism WWF Yann Arthus-Bertrand
"Ultimately, these heavily subsidized, funded and mediated NGOs and personalities are a kind of ecological guarantor of capitalist industrial society."
But another sort of deep-pocketed philanthropist is harder to pin down. The harm she causes seems less direct; her motives more lofty. This type is fond of touting “win-win” solutions to social problems and tossing out terms like “impactful” and “scalable” and “paradigm-shifting” —the kind of lingo fed to business school students in lieu of critical thinking. Members of this group nevertheless refer to themselves as “thought leaders.”
Apr 08
20180
Capitalism Celebrity Corporate Social Responsibility neoliberalization Philanthrocapitalism
"In this analysis, celebrity endorsement of environmental causes serves to support this obfuscation, distracting audiences from such underlying problems and helping to legitimate by association the big environmental nongovernmental organizations (BINGOs) that increasingly function like corporations..."
"It is apparently lost on many donors to the nonprofit sector that if nonprofit work could have been achieved through a business approach it would already have been. For Wall Street, the problem with the nonprofit sector appears to be that it’s nonprofit."