TED Conversations

Hassan H

Yunus Social Business

This conversation is closed.

Is Social Business the future of capitalism ?

Social business, as the term is commonly used, was first defined by Nobel Peace Prize laureate Prof. Muhammad Yunus and is described in his books Creating a world without poverty—Social Business and the future of capitalism and Building Social Business—The new kind of capitalism that serves humanity's most pressing needs.

In Yunus' definition, a social business is a non-loss, non-dividend company designed to address a social objective within the highly regulated marketplace of today. It is distinct from a non-profit because the business should seek to generate a modest profit but this will be used to expand the company’s reach, improve the product or service or in other ways to subsidise the social mission.


Showing single comment thread. View the full conversation.

  • thumb
    May 28 2012: I seems to me that this assumes that these social issues can be better addressed if their is a middle ground profit motive. I believe that people should be motivated to do the right thing, because its the right thing to do. Paying someone to do the right thing such as aid the poor indicates that they need that extra to complete the motivation and thereby devalue the nonprofit goal. Part of the issue is working to treat people as ends and not means, by mixing profit making with nonprofit goals you essentially combine both of these together. This combination demands that the employees and the employer must choose who is a means and who is a part of their end. As someone who has never herd of this guy before I have to ask, how dose he detail that such a business would function, and what would prevent it from becoming a nonprofit organization or an ordinary for profit business?

Showing single comment thread. View the full conversation.