Co-operative and Social Enterprise

December 22nd, 2008

By: Piya Malik

The current crisis climate has made us all question the structural integrity of our economy and forced us to re-consider the way we view wealth. Enterprise, being the life-blood of our economy, is no exception to this.

Co-operative and social enterprises offer a unique opportunity to do things differently. Run on the core values of self-help, self responsibility, democracy, equity and solidarity, they aim to be ethical fair and just. The Phone Co-op is one such example of a sustainable business model that places social responsibility at the top of its agenda. Born out a desire to supply an alternative service to big business telecommunication companies providing real value for consumers, it also has a comprehensive list of ethical and environmental policies, from transparent pricing policies and ‘fair and just’ business dealings, to carbon-offsetting, recycling purchasing renewable energy and offering bicycles for staff to travel to work.

What more can government do to support co-operative and social enterprises like this? Are there policies that could encourage the growth of the sector?


So, what are your thoughts: COMMENT ON THIS POST

Comments on Co-operative and Social Enterprise

Joshua Allen says:

April 18th, 2009 at 11:24 am

By devolving power to the lowest level you put people in control and develop a sense of ‘can do’.

If properly supported by grants and training this could provide for a strengthening of mutual power.

The local currency initiative is an interesting one. A local currency-freely convertible with sterling-provides a means of local economic development, keeping money in the community.

Charlie Marks says:

April 18th, 2009 at 9:41 pm

The building societies have increased deposits from people fleeing the private banks - perhaps some of this money could be invested in expanding the cooperative and social enterprise sector of our economy?

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