The principle of philanthropism has been long overlooked and even spurned. Real philanthropy goes along with freedom, common equality with friendship and mutual collaboration between every class and creed.The spirit of philanthropism filters through the theories and practical policies of neoliberalism. Neoliberalism has utilised the principles of philanthropism in the running of the society. This has produced significant results and resolved some issues of class contradictions within a capitalistic society. Philanthropism's positive effects on western societies points to the fact that it has a strong ability to solve the economic problems found within a socialist society.