CHAPTER FIVEThe Difference That Makes the Difference

The Decline of Philanthrocapitalism and the Rise of Citizen Philanthropy

Philanthrocapitalism offers one way to increase the social impact of the modern market economy, by altering incentives and giving more back through foundations and corporate social responsibility, but there are other approaches to changing the ways that wealth is produced and distributed which might achieve even better results. Traditionally, societies have used corporate taxation, government regulation, and civil society pressure to force business to reform. Recently, advocates of new business models, community-based economics, and other radical innovations have pressed for more fundamental changes in ownership and governance ...

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