Jeff Mowatt
1 min readMar 28, 2017

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Alice, when my late colleague set out on hisd international development journey it was with a position paper arguing for a business which would operate for social benefit rather than charity:

‘This business model entails doing exactly the same things by which any business is set up and conducted in the free-market system of economics. The only difference is this: that at least fifty percent of profits go to stimulate a given local economy, instead of going to private hands. In effect, the business would operate in much the same manner as a charitable, non-profit organization whose proceeds go to local, national, and international charities. Non-profits, however, are typically very restricted in the type of business they can conduct. In the United States, all non-profits must constantly pay heed that they are not violating those restrictions, lest they suffer the wrath of the Internal Revenue Service. For-profits, on the other hand, have a relatively free hand when it comes to doing business. The only restrictions are the normal terms and conditions of free-enterprise.’

You might find what the Vatican and UN are saying interesting:

https://bullshit.ist/what-is-the-purpose-of-business-90577e855e5b

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Jeff Mowatt
Jeff Mowatt

Written by Jeff Mowatt

Putting people above profit, a profit-for-purpose business #socent #poverty #compassion #peoplecentered #humaneconomy

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