A follow up on Google’s philanthropy
I just wanted to follow up on my posting about Google.org. One thing that I want to stress is that I like their approach to philanthropy much more than most companies.
The amount of money they have committed is not trivial, but I think more important than that is their mission - for instance, the Acumen fund they are investing in is “a non-profit venture fund that invests in market-based solutions to global poverty.”
This is proof that when it comes to charity Google “gets it” while others don’t (just like with search). The solution to poverty in developing nations is not sending them a bunch of money or food - it is teaching them and helping them implement democracy and capitalism.
I just wanted to clarify that I am most impress not with the amount of money that Google has committed to philanthropy but their approach to solving the world’s problems. I hope that one day I will have the resources and ability to be involved in microfinance abroad. I believe that by bringing the fundamentals of capitalism to poverty-stricken nations even for-profit companies can help solve the world’s most pressing social issues.
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