June 20, 2008
Social citizen writes on the book:
…………according to Bill Gates.
Social businesses are set up like investment accounts where the money is returned over time and the interest is paid in social dividends. Social businesses are created in the traditional capitalist business model, except the investors & owners of the company know they will never receive dividends or profits on their earnings. All of this money is used in the community.
For Bill Gates this concept is already second nature. He calls it “creative capitalism“. Gates says that while capitalism is “responsible for the great innovations that have improved the lives of billions … to harness this power so it benefits everyone, we need to refine the system.” His refining of the system means converting to social business. Read the rest of this entry »