Humanistic capitalism

Humanistic capitalism is a concept that seeks to unite humanism, specifically the safety and health needs of people and the environment, with market forces and a market-based economy. It is often seen as a middle ground between the ideas of modern capitalism and democratic socialism.

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.[1] 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.[citation needed] 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.[2]

  1. ^ "Alliance Magazine Article - Beyond the heroes". 2008-08-21. Archived from the original on 2008-08-21. Retrieved 2021-05-23.
  2. ^ "Caroline Hartnell". Archived from the original on 2008-08-21. Retrieved 2007-12-27.

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