IDSA01H3 Chapter Notes - Chapter 11: Venture Philanthropy, Media Activism, Millennium Development Goals
10 Dec 2016
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Document Summary
At its broadest, the term refers to the growing role for private sector actors in addressing the biggest social and environmental challenges facing the planet. As the 21st century unfolds, it has become accepted, and even expected, that wealthy philanthropists, businesses, charities and social entrepreneurs, rather than governments alone, will take part in and even lead efforts to solve big prob- lems. The continuing rise in inequality fuels criticism that philanthrocapitalism is a product of an unjust economic system, or a public relations attempt to put lipstick on a (capitalist) pig. Fiscal constraints on the ability of govern- ments to provide solutions has caused frustration among parts of the global citizenry. And there is a deepening sense of connectedness and agency due to the global spread of social media. United nations millennium goals, adopted in 2000, business, non-profits and philanthropies have been heavily involved in agreeing the successor.
