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Social enterprise well-placed to weather economic storm: The Australian
Social enterprises could well be the best equipped to handle the global economic downturn according to an article in the latest edition of The Deal, the Australian newspaper’s monthly business magazine, released today.
Citing case studies from street vendors to Infoxchange Australia’s own initiatives, writer Kate Legge throws up the idea that social ventures, with their broad vision and passionate, risk-taking approach, could possibly emerge from the economic meltdown at the top of the heap.
“With Wall Street’s crown slipping, the notion of a new kind of capitalism no longer sounds like quirky idealism,” Legge writes.
“Just as the human brain can rewire itself to compensate for damaged circuitry, so the champions of disruptive innovation are likely to find new paths, new technology and new methods of job creation that by-pass conventional institutions and traditions.”
Infoxchange’s Executive Director Andrew Mahar joined numerous other “disruptive innovators” in sharing his thoughts of optimism and confidence in a business model that puts people before profits.
“I have every reason to think there’ll be a shift in thinking after 15 years of growing greed and selfishness,” he told The Deal.
To read the full article Agents of Change by Kate Legge please visit www.theaustralian.news.com.au/business/story/0,28124,25659787-5018057,00.html.
This story originally appeared in Infoxchange's weekly Infocast e-news bulletin, view the latest Infocast here, or better yet subscribe here and get the latest news from Infoxchange and the not-for-profit sector delivered straight to your inbox once a week.
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