With slogans like “greed is good,” capitalism has earned a bad name despite a prevailing view that capitalist market action is the best means to address social issues like poverty. Although charity and investment seem to be conflicting terms, we actually need true social investments to ensure charity is successful. As a result, social entrepreneurs are the types of investors we need in our society to ensure long-term prosperity for our Country and the rest of the world.
A social entrepreneur is a businessman or woman who focuses on addressing the needs of a society through business. When jobs are needed, the goal of these individuals is to spur an industry that can create jobs. If a community needs better food production or sustainable energy sources, social entrepreneurs step up to the plate. The ultimate goal is to ensure necessary industries exist to provide for current and future interests of a society.
Beyond essentials like greener industries, socially responsible entrepreneurs also try to address the other human needs of a community. Looking at healthcare, public health clinics and programs for children with behavioral issues may be considered the end result of social entrepreneurs. As such, this kind of business culture is not new. Of course, not every business answering the call of society falls under this category. The behavior of these institutes must serve both the short and long-term needs of a society while the firm must be stepping in to fill a need without regard to profitability.
While social entrepreneurs can certainly generate profit with their endeavors, it is not their goal to work for personal gain. Their altruistic firms are designed to turn a profit, so operations can continue and expand before funds are reinvested into other endeavors. As such, social entrepreneurs are creating true social investments versus starting charities that rely on funds or the kindness of others to continue.
Moreover, social entrepreneurs are individuals who use the capitalist markets to generate the resources needed to solve social issues. These social investors create firms and industries designed specifically to address the issues facing communities around the world. Certainly, profit from these firms can be used to award investors and founders, but the objective is to continue creating new programs. As such, these businessmen and women work to address social injustices by utilizing the most redeemable characteristics of our capitalist philosophy.