There are more jobs available in this wondrous sector (see last story) while elsewhere, British NGO dinosaurs hope they can just deny the future by dismissing it. It’s not so much their loss as the poor who are being left behind due to the illiberal attitude of some who want their left wing views to come tinged not with modernism but a thick crust of the outmoded methodologies which caused the developed world to run out of money in the first place. we need a reboot and SIBs / PFS are the way forward to make the world a better place, to which end:
The great news is Australia’s Federal government making progress towards endorsing SIBs – hooray, a fine note on which to end the week!
Australia – Govt Eyes Social Impact Bonds
Herald Sun
The federal government wants to explore using social impact bonds to improve welfare outcomes, but opponents say increasing private investment is a sign the government is absolving itself of responsibility to the sector.
Social Services minister Scott Morrison used a speech at the Australian Council of Social Services National Conference to spruik the “great potential” of the bonds, which are a type of contract whereby the government pays private investors if they secure improved social outcomes.
Australia – Govt To Explore Social Impact Bonds
News
THE federal government is considering how the private sector can contribute to the welfare system to lower the burden on the public purse.
Social Services Minister Scott Morrison has proposed the use of so-called social impact bonds, whereby private investors put up the money to fund social projects that can’t be immediately paid for by the government.
UK – My Reasons Not To Be Cheerful
Debra Allcock Tyler (CEO Directory of Social Change) – Third Sector
I have, quite rightly, been challenged to justify my recent statements that this government is not pro-charity. So here are my reasons not to be cheerful:
The funding – The commitment to dubious methods such as payment-by-results public service contracts and social impact bonds looks set to be rolled out across more services and policy areas, despite increasing evidence from many charities that, for the most part, these approaches don’t get the best out of us.
Learn more about the positions here.