Kevin Starr of Milago Foundation in Stanfard Social Innovation Review on the problem with social impact investing. The bottom line is either profit or impact.
In the real world of the poor, real change still means stepping up with money that you don’t expect to get back, while demanding maximum returns in the form of impact. When you find someone who can do that, just give them the money.
Or as the original social impact investor Andrew Carnegie put it, "Help only those who can help themselves." But what about those who are helpless? See the "Gospel" of wealth.
Posted by: Keith Whitaker | January 27, 2012 at 03:15 PM
I am seeking Jane Addams's response to Carnegie. Their debate would make a good discussion piece.
Posted by: Phil Cubeta | January 27, 2012 at 03:49 PM