Richard Branson, in this Forbes article, does a fine job of articulating how and why entrepreneurial capitalism and social responsibility can work together in vibrant ways. Branson recently pledged to give *all profits* from his tranportation companies to projects that are working to alleviate global warming. Although I’d rather see the money go to global health initiatives it’s admirable and exciting to see how socially proactive the “super rich” like Branson, Gates, and Buffett have become. In fact it almost seems to be “infectious” which bodes well for a world desparately in need of innovative thinking combined with big money to fund clever projects.
I’d like to see a study of what may be a natural tension when Governments do a “really good job” at eliminating significant problems because it puts bureaucrats out of work and shrinks budgets. Could this help explain why governments often seem to spend so much and accomplish so little when it comes to solving significant problems?