Social Entrepreneurship: A Key to Poverty Reduction and Agorism

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In my last article, I wrote about the problems with foreign aid. I would now like to talk about the libertarian alternative, social entrepreneurship. The term “social entrepreneurship” isn’t typically part of the libertarian lexicon, but it should be. While libertarians do a good job of explaining how the market indirectly helps people through the profit motive, we need to do a better job of showing our support for those who use the market to help people directly. One of the biggest stumbling blocks libertarians encounter is explaining how a free society can take care of its least fortunate members. The answers typically given — private charities or NGOs, mutual aid societies, and for-profit ventures dedicated to helping others— can all fall under the category of social entrepreneurship.  According to Bill Drayton, the man who popularized the term through his foundation, Ashoka: Innovators for the Public, the job…

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