Capitalism And Doing Good Are Not Mutually Exclusive

from the tie-them-together dept

Over the last few years, it's been great to see more people realize that capitalism and philanthropy are not mutually exclusive concepts. When Google launched its philanthropic foundation, the biggest news was the fact that it was designed as a for profit entity, rather than the typical non-profit. The NY Times is now writing about this trend for new philanthropic organizations to also be for-profit organizations, recognizing that many of them have found they can do much more "good" by also focusing on a way to make a profit. As we pointed out when Bill Gates called for "kinder capitalism," a full understanding of capitalism would suggest that there's plenty of kindness baked in. There is benefit in doing good, and just because there's a profit motive behind some things, that doesn't mean it's at odds with doing good. It's great to see that more philanthropic organizations are recognizing that as well.

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  1. identicon
    Le Blue Dude, 26 Feb 2008 @ 11:28pm

    Re: Not at the cost of profit!

    Um. Actually, doing good can increase profit.

    Have you ever heard of enlightened self interest?

    Basically what goes around comes around. The disadvantaged of today are the customers of tomorrow is one aspect.

    There are other aspects too. I mean, look at Microsoft. Then look at Google. One of them does good. The other is a corporation that has no concept of good or evil, only profit. Which is making more? Which is doing better?

    Economists are stupid if they forget the human factor.

    Doing good also helps attract the best and the brightest (since they tend to be idealists) and makes for good employee relations... and so on.

    Altruism exists because helping others survive helps you and your relatives survive.

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