chapter  3
Philanthropic Governance: Charitable Companies, the Commercialization of Education and That Thing Called “Democracy”
Pages 19

Even before the recent economic meltdown of the “nth” phase of capitalism, the winds that propelled the expansion of neoliberal modes of governance had already begun to change direction. As Ong suggests, “in recent years, shake-ups in global events and in the social sciences have required a shi away from models of stabilized world arrangements to the analysis of heterogeneous situations contingently shaped by global forces” (Ong 2012: 25). As an example, the World Bank’s new impetus in promoting public-private partnership (PPP) schemes in all domains of public policy was accompanied by calls for novel reformulations and readjustments of traditional capitalist logics and mechanisms, and new political frameworks where such changes could take place (Bishop and Green 2010). Gates’s Creative capitalism is a good example of the former. According to the billionaire businessman, who has recently metamorphosed into a “global” philanthropist:

e genius of capitalism lies in its ability to make self-interest serve the wider interest (…) but to harness this power so it benets everyone, we need to rene the system; and, to do so, we need to develop an approach where governments, businesses, and nonprots work together to stretch the reach of market forces so that more people can make a prot, or gain recognition, doing work that eases the world’s inequities.