Tuesday, October 17, 2017

The Commerce of Charity

While on one side of the money spectrum there is a tussle between ambition and greed, on the other side commerce tries to find common ground with charity. 
We asked a number of Indian business people and entrepreneurs whether philanthropy or charity helps the cause of money. The unanimous answer was that charity is an integral part of making money and of success. 
As "Philanthropy definitely brings money. When money is spent for the uplift of the poor, it can be earned and spent without limit. The universal law of nature is 'give and take'. The more you give, the more you receive."
Would this mean that even charity has a pecuniary purpose?

There is a school of thought that considers charity to be a personal issue-if you want to give, go ahead and do so. "It doesn't matter whether charity brings in more money or not," 

"A philanthropist may treat charity like business and put money where there are chances of a return. In that case, he's not a philanthropist. Charity, by definition, is an activity carried out without expecting material returns."

As Roy Davies, a librarian at the University of Exeter, England, puts it: "Ideally, philanthropy should have nothing to do with acquiring money."
Lester gives in to sarcasm on this issue. "I guess charity does pay," he says. "Ask the philanthropists how rich they've become. There are a lot of them, so I guess it pays well."

Charity pays. It pays the same way as a good deed does-by leaving more good in its wake. 

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Item Reviewed: The Commerce of Charity Rating: 5 Reviewed By: BUXONE