Monday, January 24, 2011


Social Enterprise

Much has been written about the privatization of the Balkans, especially the violent dismantling of Yugoslavia, but Bosnia -- now half privatized and half collective -- still serves to contrast socialism and capitalism. Given the mission of the World Bank and IMF is to privatize economies and eliminate social benefits like pensions and public health, the odds are stacked against successful social enterprise.

While the precepts of privatization have roots in slavery and colonialism, control of mass communication enabled the private equity movement to rebrand itself from slaver to entrepreneur. In the age of the Internet, that brand is coming under greater scrutiny.


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