Matthew Bishop

May 28, 2010

On a cold morning last winter, The New York Times published a warming story about the rage for charter schools among hedge-fund managers. It appeared in “Sunday Styles,” and was a fine glimpse into the current fashion of “social entrepreneurship” and “philanthrocapitalism.” About the intentions of the rich young lions who donated large sums of money to schools in the most desperate parts of the city, there can be no doubt: these were good deeds. Children were lifted up, which is nothing to be churlish about. But as I read on, I felt uneasy.