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Rob Reich-Stanford Class Day lecture-6.11.11

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Irene Nelson

on 31 August 2013

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Transcript of Rob Reich-Stanford Class Day lecture-6.11.11

the new social economy
the new social economy
We live in an era of enormous Innovation
What is the social economy?
seeking to produce social benefits
social entrepreneurship
social innovation
social enterprise
impact investing
venture philanthropy
the arena of state institutions and agencies, of creating and enforcing laws and policies, of guaranteeing basic rights – is where public action produces public benefits; we act in the public sector as a citizen or as a public official or agent
the arena of commercial, for-profit enterprise –
is where private action produces private benefits; we act in the private sector as a consumer or producer
the new social economy
A flourishing society needs each of the 3 sectors to work well
1. Innovation in the market place
2. Innovation in the non-profit sector
3. Innovation in the state sector
+ Technological Change
many ways for people to do good
well-functioning and flourishing democratic society is traditionally composed of
3 distinct sectors:
policy framework
21st Century
20th Century
1. private
2. public
3. philanthropic
“Americans of all ages, all conditions, and all dispositions constantly form associations. They have not only commercial and manufacturing companies, in which all take part, but associations of a thousand other kinds, religious, moral, serious, futile, general or restricted, enormous or diminutive. . . . Wherever at the head of some new undertaking you see the government in France, or a man of rank in England, in the United States you will be sure to find an association.”
-Alexis de Tocqueville
the boundaries between the sectors are
What will structure this innovation?
$300 billion
People can be sector agnostic:
doesn't matter what sector one enters;
still possible to do good
open government initiative
the arena of private individuals acting alone or in association with others to promote the public good – is where private action produces public benefits
Gates Foundation
Hewlett Foundation
US Dept of Education
Text Donations
Policy Framework
“to qualify students for personal success, and direct usefulness in life”
“to promote
the public welfare
by exercising
an influence
in behalf of humanity
and civilization”
Poverty should be eradicated,
not seen as a money-making opportunity.
-Mohammad Yunus
• Charity Navigator
• Great NonProfits
• givewell.net
• New Schools Venture Fund
• One World Health
• Google.org
• Omidyar Network
Full transcript