SoCap08, the first of what is likely to be an annual conference on “social capital markets”, has been taking place in San Francisco. Matthew delivered a keynote speech about Philanthrocapitalism. Some 650 people attended the event, around two-thirds of them registering in the past couple of weeks, since the demise of Lehman Brothers. Kevin Jones […]
Matthew’s probing of Muhammad Yunus’s position on the role of profit in scaling up micro-finance at the World Business Forum seems to have irritated Felix Salmon, who blogs for Portfolio magazine in a post Philanthropy vs Profit. Felix puts forward two arguments: that for-profit microfinance has failed to help the poor, citing the example of […]
[Matthew interviewed Nobel prizewinner Muhammad Yunus at the World Business Forum, held in New York’s spectacular Radio City Music Hall.] Yunus has done incredible things for the poor since he started the micro-finance movement with his Grameen Bank in Bangladesh back in the 1970s. But the philanthrocapitalism revolution has created a schism in the microfinance […]