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Published on Aug 3, 2016
Philanthropy does an amazing amount of good in the world. However, when philanthropy finds a solution to a problem, the solution only scales through yet-more philanthropy. In contrast, when a for-profit company finds a solution, the profits from the solution pay for more.
In a world where 7 billion people have access to a Coke within a half day's walk, the same should be true for clean water, affordable energy, healthy food, health care and other essential products and services.
What is true is that we have a legal and fiscal structure for such solutions, namely the for-profit company. All we're missing is a useful mission embedded within such companies, solving the important problems of the world.