Co-operatives the sustainable business model – a view from Davos

The value of Co-operatives is poorly understood by society and by Government and the regulation of co-op enterprises remains less developed than for investment driven enterprises.

World Economic Fora have themes. Last year’s Davos was about “Resilient Dynamism”. This year’s leitmotiv is “The Reshaping of the World: Consequences for Society, Politics and Business”. The Forum program further states: “The pillars of the event are: Achieving Inclusive Growth, Meeting Society’s New Expectations, and Sustaining a World of 9 Billion.” Clearly, world leadership understands something has to change.

Buzzword at the Forum is ‘social entrepreneurship’ – implying citizens starting businesses that create social value. Social entrepreneurship is not new. Classic examples are Florence Nightingale’s founding nursing schools, Robert Owen’s founding of the co-operative movement in the 19th Century, and India’s Land Gift Movement founded by Vinoba Bhave in 1951.

The forum indeed puts priorities right. Society needs an economic model that is sustainable. A key quality of such a model is that it involves and connects better with citizens. However, ‘entrepreneurship’ has to be balanced by ‘social’. — Full Story at The Information Daily

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