“Philanthrocapitalism”

That is the title of a new book with a subhead that says ”How the rich can save the world.”

The book is written by Matthew Bishop and Michael Green. The feeling and tonality of the book is so 2006. :-)

Another shoe to drop now in this broken economy value chain is that as wealth is taken from balance sheets of individuals, charitable giving will suffer dramatically.

I know locally that many charities are in a panic as donors can’t complete their pledges from past years and new pledges are dwindling.

As I noted, this economy is an equal opportunity value destroyer.

Maybe this isn’t a recession? Perhaps we will soon start to call it a depression?