How on Earth: Flourishing in a Not-for-Profit World · • A new generation of entrepreneurs are...
Transcript of How on Earth: Flourishing in a Not-for-Profit World · • A new generation of entrepreneurs are...
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How on Earth: Flourishing in a Not-for-Profit World Jennifer Hinton [email protected] Post Growth Institute Stockholm Resilience Centre
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BoldHypothesis:
Not-for-profitbusinesshasthepotentialtosystemicallytransformtheeconomy
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Whatare‘Not-for-Profit’Businesses?
“businessesthatprioritizepurposeaheadofprofits”
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Comparedtofor-profitbusinessstructures,NFPs:• Haveasocial/environmentalmissionastheirprimary
purpose• Mustuse100%oftheirprofitsfortheirmission(noprivate
distribution)• Haveaboardtoholdthemaccountableforpursuingtheir
socialmission
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Thismeansthey…• Seeprofitasameanstoachievingdeepergoals• Areheldtohigherstandardswithregardtosocial
impact
• Allowforan‘ethicofenough’
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ManytypesofbusinessesareNFP• Consumercooperativesandcreditunions–e.g.-Coop
• Mutualinsurancecompanies–e.g.– Folksam
• Lotsofsocialenterprises(andmostcommunityinterestcompaniesintheUK)
• Nonprofits/charitiesthatdobusiness
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NFPbusinessisanewplayerintheeconomy:
• Traditionalnonprofitsareincreasinglygeneratingtheirownrevenuethroughtrade
• Anewgenerationofentrepreneursarestartinguptheir
businessesasNFP• Allovertheworld,ineverysectoroftheeconomy
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Weliveinafor-profitworld.
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Products/Services
RevenueOperatingExpenses
Profit
Abilitytobuymoreshares
Dividends
Wealth For-profit business
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Commoneconomy
Eliteeconomy
Wealth Extraction Siphon
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Whythefor-profiteconomyhastogrow:• Psychological&socialpressuretomaximizeprofitrequires
growthofbusinesses• Compensatingforextractedprofitsrequiresgrowthof
businesses
• Competitionformarketsharepushesbusinessestogrow
• Aneconomythat’sfullofbusinessestryingtoexpandtomaximizeprofitsmustgrow
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Howthefor-profiteconomyleadstoinequality:
• Goal:toaccumulateprivatewealth
• Privatizationofprofit(extractionfromtherealeconomy)
• Privateownershipofbusinessesandtheirassets,whichallowsownerstoaccumulateevenmore
• Leadstospeculativeactivitiestoaccumulateevenmore
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Howthefor-profiteconomyleadstoecologicalcrises:
• Maximizeprofitatallcosts(Dominatormodel/utilitarian
approach/InvisibleHand)
• Requiresconstantexpansion– Convertingnatureintogoods,andrelationshipsintoservices– Promotesconsumerism– Inequalityfuelsconspicuousconsumptionaspartofstatuscompetition
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Products/Services
RevenueOperatingExpenses
Profit
NFP business
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TheBusinessSpectrum
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TheExtractivevsGenerativeSpectrum
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NFPBusiness
MultinationalCorporations
Social
Enterprises
Cooperatives
Ethical/Green
Businesses
Local
Businesses
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• More equality • Real value creation (purpose-oriented economy) • Less consumerism
– more wellbeing and less ecological destruction
AnentirelyNFPmarketeconomywouldallowfor:
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NFP advantages
• Leaner • Tax exemptions, donations and volunteers
• Rise of ethical consumption and concern about social and environmental issues
• Work force increasingly motivated by purpose
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Whatifthefutureoftheeconomyisnotfor-profit?
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Practicalactions• Citizens,activists,consumers
• Entrepreneursandbusinessleaders• Nonprofitemployeesandmanagers• Civilservantsandgovernments• Researchersandeducators
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• Panacea• Utopia• Silverbullet
• Itisarealisticbridgefromwhatwehavenowtosomethingmoresustainableandenjoyable
TheNFPWorldisnota:
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Leveragepoints(DonellaMeadows)
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Ref:Göpel,M.(2016)TheGreatMindshift(p.47).