Social Capitalism : An Age of Social Innovation and Entrepreneurship
The best innovations of our recent times have been those that have solved the problems our society. The innovations that have addressed our needs have stood out to be the survivors among the many failing startups. It is in this regard that I have realised that our world does not only needs more new apps and inventions, there is a need for more social capitalists than ever.
A certain mystic used to draw me to the ideology preached by the nationalist party ZANU-PF. The ideology of the common people owning resources and empowering youths to become entrepreneurs. It rang in my ears like the most beautiful Beethoven symphony composed. The spirit that possessed my limbs was nothing compared to the hysteria that infected crowds at political rallies.It is the hope that we have now found a solution to our problems that we go wild and chant at these rallies.
Marxist ideology of socialism which advocates for more equality gained popularity in a time when the world was progressing yet there were still many social problems. This is the same dogma that drew me to the ideology of the nationalists. More minerals, better technology yet poverty and inequality have been on the rise.
The race to building autodriven automobiles has made us ignore some of the critical issues our society faces today. We continue to blame politics for these yet it’s up to us to solve these problems ourselves. The only problem that hinders us from working on solving our problems is on how we have failed to look at it from a capitalist’s point of view. We have failed to analyse our problems with the market oriented eye of the capitalist.
The fusion of capitalism and socialism is what will enable us to solve our problems and grow our economies at the same time.
The one concept that Karl Marx ommitted from his studies, the age of Social Capitalism.
Social Capitalism 101 is best depicted from the origns of the word socialism. The word traces it’s roots in the need to have society directing resource allocatiom to solve it’s problems. The philosophy gained popularity in the Industrial Revolution when individualism was rampant.
Social problems were failing to be addressed despite the high levels of innovation (something we see traces of today).
Poverty, income inequality and oppression were rampant leading to social tensions. There was no trickle down effects whatsoever of the rewards obtained from growing industries.
Social Capitalism 101, is based on the need to address the social problems through industrialisation and economic activity.
This philosophy does not believe in the communist practices that were attempted in the likes of China and dismally failed. Social Capitalism does believe in combining the best of capitalism and socialism together. Therefore, it is a situation in which resources are individually owned and there is an existance of theprofit motive. However, there is a commitment to addressing social problems.
There is need to fund innovation and research into how we can address problems our society is facing.
Whilst many are so much focused on Amazon using drones to deliver its products, a private-public partnership in Rwanda has enabled medical supplies to be delivered to remote areas using drones. This shows how some entrepreneurs are critically looking at problems to bring sustainable solutions to our world. Such is an example of focusing more on the needs of the particular society one is dealing with.
There are a lot of areas within our societies today in which we need pioneers to start solving problems for us. It’s not only in technology where there are business opportunities. Agriculture, transportation, housing and other industries offer many opportunities.
How can one become a better social entrepreneur? I will be sharing stories of people who are practising this philosophy across the globe. Those who have committed themselves into solving our social problems through their many vocations. There are many social entrepreneurs who have become workplace activists and industry activists by not sitting around complaining but have found ways to address problems.