A Quote by Angelica Ross
In 2014, I left my job and launched TransTech Social Enterprises, a for-profit and nonprofit hybrid model focusing on the well-being of the trans community, not on external profits for shareholders.
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Technology has flattened a world where trans people are demanding their rights in the U.S. and abroad. TransTech Social Enterprises is here to empower, educate, and employ them no matter where they are. I could not turn down an opportunity for global exposure that our efforts alone might not have ever afforded us.
We have to learn to be allies to each other. We are in a deficit of financial and social capital, and TransTech aims to help trans people reverse that.
Community interest companies are a growing form of regulated social enterprises, and we want to make sure that the rules are as friendly as possible for investors and social enterprises.
Many of the wonderful achievements of the 20th century were the result of the pursuit of profits. Unfortunately, demagoguery has led to profits becoming a dirty word. Nonprofit is seen as more righteous, particularly when people pompously stand before us and declare, 'We're a nonprofit organization.'
This is an important generation for the future of hybrid vehicles. With these models as well as the Ford Escape and the Honda Accord we're starting to see hybrid versions of mainstream vehicles. The auto makers are giving customers a direct choice: to opt for hybrid technology on a given model, or not. Will they pay the premium for the hybrid technology when everything else about the vehicle is the same?
People invest in companies in order to get a share of the profit that company will make. If the Government increases its share of the profits, potential profits, at the expense of the owners of the company, the shareholders, then that makes investment in that company less attractive.
Increasingly, I'm inspired by entrepreneurs who run nonprofit organizations that fund themselves, or for-profit organizations that achieve social missions while turning a profit.
Human beings need community. If there are no communities available for constructive ends, there will be destructive, murderous communities... Only the social sector, that is, the nongovernmental, nonprofit organization, can create what we now need, communities for citizens... What the dawning 21st century needs above all is equally explosive growth of the nonprofit social sector in building communities in the newly dominant social environment, the city.
Everyone is now praying at the altar of every last dollar of profits to please shareholders. If you invest in your people and treat them well, it's a different way to increase profits.
Patagonia, a large apparel manufacturer based in Ventura, California, has organized itself as a 'B-corporation.' That's a for-profit company whose articles of incorporation require it to take into account the interests of workers, the community, and the environment, as well as shareholders.
The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.
Research is subordinated (not to a long-term social benefit) but to an immediate commercial profit. Currently, disease (not health) is one of the major sources of profit for the pharmaceutical industry, and the doctors are willing agents of those profits.
Companies, to date, have often used the excuse that they are only beholden to their shareholders, but we need shareholders to think of themselves as stakeholders in the well being of society as well.
It just so happens that I'm trans. It shouldn't have to be like 'Oh, that's the trans model selling the trans clothes.'
Chasing profits and building a long-term profit model are two different things.
I basically believe the medical insurance industry should be nonprofit, not profit-making. There is no way a health reform plan will work when it is implemented by an industry that seeks to return money to shareholders instead of using that money to provide health care.
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