Essay about Non-Profit Capitalism - 9831 Words

1. Executive Summary This report defines, examines and promotes a non-profit capitalistic business model. The model endorses enterprises which compete in the free market, but eschews profits in favor of social benefits. This entails an increased workforce with benefits and wages on par with current standards. This increased employee pool works under a staggered shift structure so that each employee only works a 3-day (24 hour) workweek. Labor is scheduled in such a way that there is necessary labor coverage for the firm to function and compete over a traditional 5-day business week. Special attention is given to the prospects of utilizing such a system as a method to increase industry and innovation in the Northeast Ohio region.†¦show more content†¦Problems Despite having nearly double the Gross Domestic Product of any other country in the world, the United States consistently ranks outside the top ten in statistics dealing with happiness and quality of life. In recent year s, several social and economic problems have gained attention in the public sphere. Many of these problems have significant overlap with business conditions in the Northeast Ohio region. (World Bank, 2012; Helliwell, Layard and Sachs, 2012, p 31-55, Economist, 2005) In this chapter I will give an overview of a group of socio-economic problems which may be relieved by transition to the system of non-profit capitalism proposed in this report. I will also address the specific issue of attracting industry and innovation to the Northeast Ohio region. This will be addressed as a functional example of the system’s regional implementation model. a. Unemployment As of March, 2013 the U.S. National Unemployment rate was 7.6%. A total of 11.7 million people were reported as unemployed by the Bureau of Labor Statistics. This rate is improved from the height of the recent recession, where the statistic floated around 9%, but it is still not the usual 3-4% figure we are used to seeing in regular market conditions. (bls.gov, US, 2013) These figures are uncomfortably high as represented, however, they do not tell the entire story. The actual unemployment rate, including discouraged workers and other omitted classes was estimated as high asShow MoreRelatedThe Nonprofit Sector1521 Words   |  7 Pagesthe emergence of western democracy constructed a legal and socioeconomic structure which highlights the role of the non profit sphere as a form of repressive benevolence. Capitalism thrives off the control of wealth and social change, because of its ability to internalize the market as a mechanism to a solution. The nonprofit sector is a bureaucratic barrel which allows capitalism to replace the functions of the states and create a wound through various shots of dominance. 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