Social enterprises are businesses driven primarily by a social or environmental purpose, whose profits are principally reinvested back into services or the community. Mutuals are businesses owned by their members.
What is Common Capital all about?
First, for too long, most people (and our politics) have simply distinguished between public and private – or state vs. the market. This is narrow-minded, rather unimaginative, boring and frankly, antisocial. Various forms of common ownership deserve greater attention and consideration, if only to balance things up a little.
Second, for these mutual and social enterprises, too much focus has often been on short-term revenue, income or funding. Let us also think a little about finance, investment or capital.
So, Common Capital…