Last week, there was much talk in Davos of the need to find radical approaches to stop the worst excesses of globalised capitalism and find solutions to the challenges we face. Tax avoidance is the latest trend in irresponsible capitalism, another desperate attempt to make quick profit for a small minority. The political elites are rounding up on the major culprits but so, too, are the public; you, me, my mum Pam, my neighbours, small business owners alike. A clear message is coming from society: an unscrupulous quest for profit at the expense of everything and everyone else is not OK.
For the social enterprise sector, this epiphany is welcome. Across the world, our thriving business community is creating vast amounts of wealth for society and providing a steady footing to take on the many of issues that fuel an unstable economy. Co-operatives, mutuals, trading charities, community interest companies are all part of the movement, shaking up capitalism and employing an economic model that alters the common perceptions about how business can be done. Guided by a social mission, not a pure money mission, and reinvesting profits to help the 99% is something social enterprise has been doing for decades, but now the public are increasingly supporting the model.