A World Without Profit with Jennifer Hinton

“The pursuit of private financial gain is what drives inequality and ecological harm.” This is the perspective of Jennifer Hinton, a leading proponent of the not-for-profit business, which is differs in fundamental ways from a traditional nonprofit organization and, of course, from for-profit businesses. Not-for-profit businesses models are often invisible in the many movements to reimagine our economic system, but the idea is starting to gain momentum. Jennifer offers a vision of an entirely not-for-profit economy made up exclusively of not-for-profit businesses that de-emphasize profit and growth and instead prioritize businesses as a means for social and environmental benefit. Together we look at examples and operating principles of this model, we explore how it navigates the capitalism/socialism binary, and we ask what conditions would be necessary for this model to truly offer a bridge to a post-growth, post-capitalist world. Dr. Jennifer Hinton is a systems researcher, activist, and ecological economist who is a Senior Fellow at the Schumacher Institute and the author of two books: How on Earth: Flourishing in a Not-for-Profit World by 2050 (https://arxiv.org/ftp/arxiv/papers/1902/1902.01398.pdf), co-authored with Donnie Maclurcan of the Post-Growth Institute, and Relationship-to-Profit: A Theory of Business, Markets, and Profit for Social Ecological Economics (https://www.researchgate.net/publication/348742711_Relationship-to-Profit_A_Theory_of_Business_Markets_and_Profit_for_Social_Ecological_Economics) Thanks to Between Friends for the intermission music. Upstream theme music was composed by Robert. Support for this episode was provided by the Guerrilla Foundation and by listeners like you. Upstream is a labor of love — we couldn't keep this project going without the generosity of our listeners and fans. Please consider chipping in a one-time or recurring donation at www.upstreampodcast.org/support Also, if your organization wants to sponsor one of our upcoming episodes, we have a number of sponsorship packages available. Find out more at upstreampodcast.org/sponsorship For more from Upstream, visit www.upstreampodcast.org and follow us on social media: twitter.com/UpstreamPodcast Instagram.com/upstreampodcast You can also subscribe to us on Apple Podcast and Spotify: Apple Podcast: podcasts.apple.com/us/podcast/upst…am/id1082594532 Spotify: spoti.fi/2AryXHs