“The pursuit of private financial gain is what drives inequality and ecological harm.” This is the perspective of Jennifer Hinton, a leading proponent of the not-for-profit business, which is differs in fundamental ways from a traditional nonprofit organization and, of course, from for-profit businesses. Not-for-profit businesses models are often invisible in the many movements to reimagine our economic system, but the idea is starting to gain momentum. Jennifer offers a vision of an entirely not-for-profit economy made up exclusively of not-for-profit businesses that de-emphasize profit and growth and instead prioritize businesses as a means for social and environmental benefit. Together we look at examples and operating principles of this model, we explore how it navigates the capitalism/socialism binary, and we ask what conditions would be necessary for this model to truly offer a bridge to a post-growth, post-capitalist world. Dr. Jennifer Hinton is a systems researcher, activist, and ecological economist who is a Senior Fellow at the Schumacher Institute and the author of two books: How on Earth: Flourishing in a Not-for-Profit World by 2050, co-authored with Donnie Maclurcan of the Post-Growth Institute, and Relationship-to-Profit: A Theory of Business, Markets, and Profit for Social Ecological Economics
Thanks to Between Friends for the intermission music.
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