Compassionate capitalism is a humanized and empathetic form on capitalism.
It is a step away from the classical capitalism paradigm of “profit at all cost” to gentler form of capitalism that places communities and societies at the core of profit-making endeavours.
According to it corporates should practice capitalism with a human face; capitalism that is just, equitable and compassionate.
The concept of compassionate capitalism translates in action in form of Corporate Social Responsibility.
The term “compassionate capitalism” was introduced by Richard M. DeVos in his book “Compassionate capitalism: people helping people help themselves” in 1993.