Much of the finance sector is “socially useless” argued Lord Turner, Britain’s top financial regulator, the other week. Many people have been especially sceptical about the social value of financial innovations, such as as derivatives (credit default swaps, for instance) and other financial engineering (such as sub-prime mortgage securitisation). Happily, the recent failure of the […]
As Conservative leader David Cameron looks for a big idea to help him win the next British election, has he stumbled upon philanthrocapitalism? In a speech at the Voices 09 conference, he said that Britain must “shape” capitalism to suit its society and not vice versa, arguing that social enterprises are in a key position […]
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 […]