For the past 200 to 400 years, a business, within a capitalistic approach, has been seen as a tool to make a personal gain and profit from the needs of the community. One of the positive results of this approach has been the increase in innovations in all types of sectors. We also saw the rise of big fortunes. The direct consequence of it is that a few would benefit from enterprising by concentrating wealth into the hands of a few, whilst the majority would live with very little.
The most recent survey published by Oxfam shows staggering figures:
- That half of the global wealth is owned by just 1% of the world population.
- The poorest 80% have to share 5.5% of the total wealth created among themselves
- The 85 world richest people have a cumulative wealth equal to the cumulative wealth of the poorest 50%
See the full report here: Acticle OXFAM Report
There is a need to re-invent what business means…
… To reduce poverty
- Net réduction in illegal immigration
- Reduction in conflicts, illegal traffickings (drug, prostitution)
- Creation of sustainable growth on a global scale.
… And build a fairer society
Social business : a Change Manufacturing tool
Better redistributing wealth passes by reinventing the purpose of business. At Mayasi Manufacturing for Change we believe that business should play a vital role into making the communities richer, not just the a few members of the community.
We believe that instead of concentrating the communities wealth into one individual, business should disseminate the wealth back to the community, through:
- Ensuring the manufacturing is done in the local community
- Providing fair earnings all along the products value chain
- Investing in key development projects that will add value to the community
At Mayasi, we manufacture Change
We decided to produce and source products only in Africa because ensuring the manufacturing is done in Africa is key to create wealth in Africa. Manufacturing build assets and consolidates know-how. This is the first step for communities becoming richer, happier, more confident in their own values as their know-how becomes globally recognised.
And you, what is your opinion on the role that business should play in the local economy?