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17 May 08
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15 May 08
yosuke arakakiI moved one step at a time, always thinking this step will be my last step
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13 Apr 08
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Many of the problems in the world remain unresolved because we continue to interpret capitalism too narrowly.
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Suppose we postulate a world with two kinds of people, both one-dimensional, but having different objectives. One type is the existing type, i.e. profit maximizing type. Second type is a new type, who are not interested in profit-maximization. They are totally committed to make a difference to the world. They are social-objective driven. They want to give better chance in life to other people. They want to achieve their objective through creating/supporting sustainable business enterprises. Their businesses may or may not earn profit, but like any other businesses they must not incur losses. They create a new class of business which we may describe as "non-loss" business.
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To distinguish him from the first two types of SEs listed above, we'll call him "social business entrepreneur" (SBE).
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With the introduction of SBEs, the market place becomes more interesting and competitive. Interesting because two different kinds of objectives are now at play creating two different sets of frameworks for price determination. Competitive because there are more players now than before. These new players can be equally aggressive and enterprising in achieving their goals as the other entrepreneurs.
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Once we recognise them supportive institutions, policies, regulations, norms, and rules will come into being to help them become mainstream.
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Market is always considered to be an utterly incapable institution to address social problems. To the contrary, market is recognised as an institution significantly contributing to creating social problems (environmental hazards, inequality, health, unemployment, ghettoes, crimes, etc.). Since market has no capacity to solve social problem, this responsibility is handed over to the State. This arrangement was considered as the only solution until command economies were created where State took over everything, abolishing market.
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It is time to move away from the narrow interpretation of capitalism and broaden the concept of market by giving full recognition to SBEs. Once this is done SBEs can flood the market and make the market work for social goals as efficiently as it does for personal goals.
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03 Apr 08
Charity SolutionsMany of the problems in the world remain unresolved because we continue to interpret capitalism too narrowly.
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17 Oct 07
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27 Jul 07
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