‘More support for businesses’:
A lack of US government support is holding back businesses that seek to do good as well as making a profit, according to a Republican congressman who says the private sector often does a better job of solving society’s problems.
Tom MacArthur introduced a bill to Congress in 2016 seeking to establish a commission to examine how government could support social enterprises — businesses that deliver social or environmental benefits — but progress has stalled.
“Leveraging the power of the market to solve social problems using private capital is something everyone should be able to get behind,” he told the Thomson Reuters Foundation in an email.
“It promotes radical accountability by bringing the private sector’s insistence on measurable results and fiscal soundness to bear — something that government programs fail at miserably.” (RTRS)