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June 07, 2007

Gates call for "creative capitalism" stirs real estate philanthropy dream

After delivering his challenge today at the Harvard commencement, wonder what Bill Gates would think of the viability and fundraising potential of "Discount brokerages band[ing] together" to raise funds for AIDS orphans?

We can make market forces work better for the poor if we can develop a more creative capitalism—if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities. ...

If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world.

This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world.

Could start-up funds from the Gates Foundation seed a coalition of money-saving real estate business models, which could collectively capture a fraction of the estimated $30 billion dollars real estate consumers will save annually to save lives?  Here's my own real estate philanthropy dream. What's your response to Gates' call for "creative capitalism?"

Bill Wendel | 08:43 PM in ASAP: AIDS Shelter Alliance Partners, Change Agents, Million Dollar March, Real estate philanthropy, Savings & Rebates | Permalink

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It's definitely an interesting concept, and has a lot of pros and cons. An idea like that may take a while to catch on, and it will probably be a long time before it goes anywhere.

Posted by: louisville real estate | Jun 8, 2007 1:40:12 PM

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