Friday, October 03, 2008

New meaning of philanthrocapitalism

Matthew Bishop's book, Philanthrocapitalism was released a week or so ago. Haven't read it yet, but have read lots of excerpts, responses, etc. etc. It is on the reading list.

In the meantime, however, and with all due credit to my friend Tim Ogden, this Don Asmussen cartoon reminded me of the "other" definition for philanthrocapitalism that has been making the rounds as stocks fall, credit freezes, and banks fail or get bought out:

Philanthrocapitalism: Noun. 1) Using business principles in one's philanthropic activities. Alternative, 2) Using public money to bail out rich capitalists.

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