An account-What people are doing with their intelligence, wealth and knowledge to help the not so privileged… I find this very interesting, and fairly sophisticated in the way this is being approached by the single biggest kitty on the planet to help the underprivileged…
Trying to articulate bill gates view of a new Capitalism- Creative Capitalism as articulated in Davos…
The concern with market capitalism is that it tends to benefit the ones that need it the least, and penalizes the ones that will hurt the most. So we need a new capitalism- the challeng is to design a system where market incentives drive recognition in serving the underprivileged- market based social change- self interest with interest in fortune of others- creative capitalism- where govt,business and ngos stretch together…
Market: In Africa, they needed to find a vaccine to be priced at <50 cents- and a student in india found a new vaccine for 40 cents- and 250 million of these were sold- in another case, the dutch company for cholera vaccine that shared the rights for emerging world for free- resulting in a a Vietnam based drug manufacture priced at < $1.
Business: Government funds aid, research, healthcare- but the highest leverage is to set policy that sets market incentives for biz activities that help the poor- eg bush- any drug developed for say malaria- can get a priority review from fDA for another drug- bringing the other drug into the market a year early- worth 100s of millions.
NGO: If u give people a chance to associate with a cause they care, while buying products- they will buy- eg Red campaigns in Davos- $50 MM to fight aids, tb and malaria- impacting 2 million people.
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