xigi.net » Blog Archive » SEA responds to Wall Street Journal

SEA responds to Wall Street Journal

Social enterprise is hot enough that entrenched players like the oldmoney.jpgWall Street Journal are starting to attack the concept in a recent article. The Social Enterprise Alliance has responded to the Journal story. One  aspect of a change in the zeitgeist (that’s where xigi (pronounced ziggy) got it’s name; there were no z’s  available as a url). It’s good to see the guardians of old style thinking about money getting uncomfortable. We are getting under their skin. When Forbes did a story on GoodCap a month or so ago, they surrounded it with an essay by an ancient British economic historian who cited Andrew Carnegie’s Gospel of Wealth essays in saying that the robber barons would turn over in their grave to see people coming up with a new, middle way between giving and investing. The example of a particular social enterprise they cited was one where a woman was using her divorce settlement to fund her pet, kinda squirley sounding, social enterprise. People entrenched in the status quo are threatened by new ideas as they gain momentum, so these attacks are a good thing and a sign that we are making headway.

track-icon Trackback

3 responses for this post


SSE says:

It is an incredibly reductive and simplistic article, Kevin, and it’s leaning is undoubtedly negative (i.e., from this one failure, we will extrapolate findings for an entire movement)…but there is some sense there, reading between the sideswipes. Certainly the phrase “social enterprise mantra” rang a little bit true (I have a feeling this is more so in the UK), whereby people just put forward the model as a panacea to all social ills: no more grants needed, no state intervention, all self-sustaining etc.

The reality is that social entrepreneur-led organisations, whatever their structure/model, grow, survive and flourish by their enterprising nature, the quality of what they do, the transparency with which they operate, and the clarity of how they communicate. And, as far as income generation and legal structures go, they are a spectrum from which to choose the best fit to achieve mission. Blind faith (and adherence) to one ‘pure’ model, whilst turning down other opportunities to achieve impact, isn’t entrepreneurial, it’s the opposite.

See my take on it here.

 

Kevin Jones says:

Good point, Nick. nice take, btw.

 

Idetrorce says:

very interesting, but I don’t agree with you
Idetrorce

 

post a comment