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. 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.
Other articles related to "humanistic capitalism, humanistic":
... In Willis Harman's seminal paper "Humanistic Capitalism Another Alternative" (Journal of Humanistic Psychology, Vol ... a professor in the Political Science Department at the University of Hawaii, promoted Humanistic Capitalism as a way to restore power to the people of Hawaii ... Another key concept of humanistic capitalism, he added, is a democratic economy way based on “cooperation openness” in order to meet the needs ...
Famous quotes containing the word capitalism:
“Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things, He gave it a chance, He even provided a first instalment of funds. Can you beat that? Its so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.”
—Georges Bernanos (18881948)