‘More sup­port for busi­nesses’:

Amer­ica

Arab Times - - INTERNATIONAL -

Mur­phy

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)

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