Humanistic capitalism

Humanistic capitalism

Humanistic capitalism is a concept that seeks to marry humanism, specifically the safety and health needs of people and the environment, with an embrace of market forces and a market-based economy.

Muhammad Yunus describes Humanistic Capitalism as a socially-conscious business world where investors are content to recoup their investments but do not expect additional dividends. [http://www.alliancemagazine.org/online/html/aojun07e.html] The idea of humanistic capitalism is linked with the idea that fundamental changes must take place in economics today, as humanistic capitalism requires that there be a blending of the non-profit and for-profit sectors. If investors can accept the decrease in financial returns for those on a social level, humanistic capitalism will become a successful force in driving economic and social change. Philanthropy is a fundamental concept to humanistic capitalism. While the idea of humanistic capitalism is still growing, over “72% percent of social entrepreneurs say that raising money is a problem,” and fundraising is a major issue to social entrepreneurs, who rely on philanthropy for support and funding. [Caroline Hartnell. [http://www.alliancemagazine.org/online/html/aojun07e.html] ]

Businesses today

There are also many businesses today that already combine the needs of the environment with the needs of people and the environment. SustainAbility [http://www.sustainability.com/] , a company established in 1987, defines their purpose as to “seek solutions to social and environmental challenges that deliver long term value,” and has worked on projects to “identify opportunities to innovate products and services with a reduced environmental footprint.” [Client Case Studies [http://www.sustainability.com/consultingservices/clientexperience.asp?id=1046] ]

Other views

Ira Rohter, a professor in the Political Science Department at the University of Hawaii, promotes humanistic capitalism as a way to restore power to the people of Hawaii and their environment. She advocates that all growth be sustainable, self-reliant, and not only focused on profit, but the needs of people. Another key concept of humanistic capitalism, she adds, is a democratic economy way based on “cooperation [and] openness” in order to meet the needs of Hawii’s people and environment. [Ira Rogher. [http://www2.hawaii.edu/~irohter/AlternativeEconomyArticle.htm] ]

References


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Capitalism — Liberal market economy redirects here. For the ideology behind this economic system, see Economic liberalism. Free enterprise redirects here. For the 1999 film, see Free Enterprise (film). For other uses, see Capitalism (disambiguation). Part of… …   Wikipedia

  • Anarcho-capitalism — Part of the Politics series on Anarchism …   Wikipedia

  • Criticism of capitalism — This article lists arguments against capitalism, For a summary of ideologies opposed to capitalism, see Anti capitalism. Part of a series on Capitalism …   Wikipedia

  • Keynesian economics — Economics …   Wikipedia

  • Privatization — Part of a series on Capitalism Concepts …   Wikipedia

  • Deregulation — Part of a series on Capitalism Concepts …   Wikipedia

  • Consumerism — Consumerist redirects here. For the blog of that name, see The Consumerist. An electronics store in a shopping mall in Jakarta. Part of a se …   Wikipedia

  • Private highway — Part of a series on Capitalism Concepts …   Wikipedia

  • List of sustainability topics — The following is a list of sustainability topics.AlphanumericTOC align=center nobreak= numbers=yes externallinks= references= top=|0 91907 populations A Air pollution control Air pollution dispersion modeling Allotment (gardening) Alternative… …   Wikipedia

  • Glossary of philosophical isms — This is a list of topics relating to philosophy that end in ism . compactTOC NOTOC A * Absolutism – the position that in a particular domain of thought, all statements in that domain are either absolutely true or absolutely false: none is true… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”