Khosla on Capitalism and the Poor
futureofcapitalism.com

The New York Times has an interesting article about the venture capitalist Vinod Khosla. Alas the paper characteristically trots out some "expert" employed by a non-profit (what would we do without experts?) to say that profits are bad:

Philanthropy experts say commercial companies play an important role in combating poverty by creating jobs. But they say these "social enterprises," as they are sometimes known, cannot be solely relied upon to address the many entrenched causes of poverty.

Moreover, as the fallout from the global financial crisis has made clear, the profit-maximizing tendencies of businesses can hurt society, said Phil Buchanan, president for the Center for Effective Philanthropy, a research organization based in Cambridge, Mass.

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Khosla on Capitalism and the Poor
futureofcapitalism.com

The New York Times has an interesting article about the venture capitalist Vinod Khosla. Alas the paper characteristically trots out some "expert" employed by a non-profit (what would we do without experts?) to say that profits are bad:

Philanthropy experts say commercial companies play an important role in combating poverty by creating jobs. But they say these "social enterprises," as they are sometimes known, cannot be solely relied upon to address the many entrenched causes of poverty.

Moreover, as the fallout from the global financial crisis has made clear, the profit-maximizing tendencies of businesses can hurt society, said Phil Buchanan, president for the Center for Effective Philanthropy, a research organization based in Cambridge, Mass.

Read More...