Date Added: Apr 2010
In recent times there has been a growing dissatisfaction with both the market and the state as mechanisms to serve social needs, and to solve the interrelated social, economic and environmental crises. In the popular stereotype, public organizations are unresponsive, bureaucratic, inefficient, and corrupt. For-profit businesses are criticized for being exploitative, rewarding greed, lacking in humane compassion, and producing socially unjust outcomes. This has led to an increasingly passionate search for a new approach, and a proliferation of new buzzwords: 'Third Way,' 'New Middle,' 'Social innovation' and 'Social entrepreneurship.'