Around Anderson Bhagwan Chowdhry is mostly known as a finance professor who also serves as faculty director of Anderson's Master of Financial Engineering program. Now, the microfinance expert is slowly gaining renown for his work proposed Financial Access at Birth (FAB) Campaign in which every child born in the world is given an initial deposit of $100 in an online bank account to guarantee that everyone in the world will have access to financial services in a few decades.
In support of FAB, Bhagwan has taken to twitter and the blogoshere, becoming a frequent contributor to the Huffington Post. In his most recent Huffpo offering, Chowdhry encourages U.S. wage earners to do what they do best: earn high wages, then share those wages with people in need across the globe. Writes Bhagwan:
So, if you are fortunate enough to live in a country where productivity is high and, as a result, wages are also high, what can you do to help poor people? You could quit your high-paying job and volunteer for a socially-conscious organization. You could take some time-off from work and feed the poor and the homeless. Yes, you could do all that and it probably would help assuage your guilt and make you feel better about yourself. But you could help the poor more, much more, if you continue to do what you do best for which the society is willing to pay you the maximum you can earn, and then donate part of what you have earned to organizations that are the most efficient at helping the poor worldwide, because that is what they do best. This is what Matthew Bishop and Michael Green would call Philanthrocapitalism: Do what you do best and share.
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