New pamphlet sets out proposals for the social enterprise sector in WalesCharity Insight Contributor
The superiority of the shareholder owned business model is called into question by a new pamphlet published by Charity Bank and Community Housing Cymru.
The pamphlet, called The Collective Entrepreneur - Social Enterprise and the Smart State, was co-written by Professor Kevin Morgan and Adam Price. It argues for the enhanced role of social enterprise in the economy, and more diversity of ownership and governance structures in general. The authors believe that, in order to avoid future financial crises, the banking sector should not be over-dependent on a single model - namely the large, shareholder-owned plc.
There is also a study of the real potential of the Big Society, as well as an analysis of Wales and what makes it an ideal place for increasing social enterprise.
"The values espoused by social enterprises have always been with us, most notably in the financial services sector, but once again they are resonating - in the corporate economy, in prosperous as well as in deprived communities and across all mainstream political parties in the UK - which suggests that the sector is now re-emerging from the shadows," states the pamphlet.
Professor Kevin Morgan is Professor of Governance and Development at the School of City and Regional Planning, Cardiff University, and Adam Price is former Plaid Cymru MP for Carmarthen East and Dinefwr and currently a Fulbright Scholar at the John F. Kennedy School of Government at Harvard.
Pic source: Charity Bank