In this age of increasing anti-globalisation – African innovation and natural sensitivity towards social capital could provide an alternative model for the world and the future of sustainable capitalism.
What is social capital? It’s the network of relationships between people who live and work in a particular society or community, enabling that society to function effectively through cooperation for the long term advantage of all.
Globalisation has had a dramatic influence on the world. It has created huge amounts of wealth, but at the same time, it has concentrated that wealth in the hands of the few who are connected enough to exploit the opportunities it offers, while the rest of society is effectively excluded.
It’s not sustainable – and after 35 years of this global experiment, it feels like everything is unravelling quite quickly as the system collapses. A more co-operative system of capitalism needs to be adopted and the model may just be able to draw some inspiration from what already exists in Africa.
What a place like Mzoli’s demonstrates is that no business is an island. It’s just not possible for prosperity to exist for some amidst poverty for others. It’s only together that you can create long-term sustainability for a society.