A quiet revolution

15 May 2009This essay discusses how the third sector can often solve complex social problems with more agility and innovation than the government or private sector.

 
"Life has a way of leading you places. I have surfed on the wave of this transformational shift, this quiet revolution, which puts social value at its core, as my disillusion with the old ways of public policy formation has grown.

Contrary to the best instincts of many, our economic system has been dominated by a system which measures value creation in only one dimension financial impact, profit and loss. In the last few years, there has been considerable effort, particularly in Britain and increasingly in Europe, to develop reliable systems and language to measure social impact more broadly."

>>RELATED AUDIO: Cheryl Kernot on social value

Noticeboard

07 February 2012
The Productivity Commission has been asked to report within 8 months on Default Superannuation Funds in Modern Awards. The inquiry covers the design of criteria for the selection and ongoing assessment of superannuation funds for nomination as default funds in modern awards.
20 December 2011

Arts Minister Simon Crean has announced an independent review of the Australia Council for the Arts ahead of the development of the nation's first National Cultural Policy in almost 20 years.

20 December 2011

On 18 November 2011, Parliamentary Secretary for Immigration and Multicultural Affairs, Senator the Hon Kate Lundy, announced the establishment of an independent panel of eminent community leaders to conduct an inquiry into Australian Government services to ensure they are responsive to the needs of Australians from culturally and linguistically diverse backgrounds.