According to the Chronicle of Philanthropy, major U.S. aid organizations have received over $305 million dollars for Haiti. Big photogenic disasters close to home generate big donations, but that’s not always the best way to save the world, says Economist writer Matthew Bishop.
Matthew Bishop is the New York Bureau Chief for The Economist and the co-author of "Philanthrocapitalism: How Giving Can Save the World."
"The trouble with so much of our giving is we wait untill we see an event like this that is emotionally very, very moving. And we focus on giving in that kind of disaster, but what happens is there are a lot of issues out there in the world that in many ways are much more devastating — even in the terrible earth quake we've seen in Haiti."