The sanctimony of charity and its persistent failure to do good with our money is matched only by two things, the lives of the people they promised us they would improve and the inevitable truth that in the hands of business, social impacts are more sustainable, measurable, and much larger.
Charities expand by the amount of hope and faith they can convince largely ignorant, if well-meaning, donors and philanthropists to finance them with. Businesses expand through success. Success wins over hope.
Iqbal Wahhab OBE is a Bangladeshi-born British businessman. He is the founder of Tandoori Magazine and the multi-award winning restaurants The Cinnamon Club and Roast.
Part 1: Crime and capitalism
Part 2: The unbelievable failure of charity and aid
Part 3: Show me the triple bottom line