Magazine article New Zealand Management

The End of Charity: Time for Social Enterprise

Magazine article New Zealand Management

The End of Charity: Time for Social Enterprise

Article excerpt

THE END OF CHARITY: TIME FOR SOCIAL ENTERPRISE * NIC FRANCES * ALLEN & UNWIN * RRP $32.99

Nic Frances is a social entrepreneur and is recognised in the highest global councils as such. He was also a charity worker, and pretty successful at that too.

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So, the story of his epiphany by which he flipped from a steadfast belief in the efficacy of charity to an understanding that only the market can deliver a just and sustainable world, is a tale worth telling and reading.

Frances believes, and his belief is deep rooted in rich and colourful experiences, that real social change is necessary but the world needs a values-centred market economy to deliver it; thinking that is not unlike that of Nobel Prize winning economist Joseph Stiglitz.

His attitudes toward the market are, he says, "extremely ambivalent". He is not an "unabashed admirer". He agrees, for instance, that the market, the economy and money "are at the root of many" of the world's problems. …

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