Philantrocapitalism

A quick plug for friend of Cognito and US Business Editor for the Economist, Matthew Bishop, whose book: "Philanthrocapitalism: How The Rich Can Save The World" has just come out. Matthew spoke about the issues raised in the book at Cognito's summer drinks party this year and it is certainly worth reading.

At the New York launch event last week some waggishly commented that title of the book would soon be meaningless as the 'capitalism' part of 'philanthrocapitalism' may have ceased to exist by the time the book hit the shelves. They were joking of course but one does have to wonder, in a post bailout world (and now in Germany a post Hypo rescue world), whether we are not seeing a resurgence of governments as the force for dealing with the world's problems as opposed to corporations and the super wealthy.