2. Holy Name University

3. Bohol

4. The Dawn of Social Enterprise as Economic Model Name: Ernesto O. Golosino (ernesto_hnu@yahoo.com) JOB POSITION: Full-Time Faculty INSTITUTION: Holy Name University, Tagbilaran City, Bohol, Philippines

5. Background The failure of capitalism

6. Framework The Classical Economist’s Perspective The Legal Mantra of Cooperative (Philippines) The Not So Famous Stories of Capitalism Theories advanced by scholars (with H- index)

7. Methods Literature Review Secondary Data FGD

8. Results ProvinceGini CoefficientRank Zamboanga del Norte0.53551 Leyte0.52202 South Cotabato0.51613 Lanao del Norte0.51094 Bohol0.50015 Catanduanes0.49496 Bukidnon0.48717 Mountain Province0.48018 Iloilo0.47569 2 nd District NCR0.473410

9. Region 20062009 Average Income Average Expenditure Average Income Average Expenditure Philippines125107129110 NCR221183227197 CAR137108136108 Ilocos1028911694 Cagayan Valley1088911590 Central Luzon147127139119 Calabarzon153136158135 Mimaropa82709077 Bicol92819585 Western Visayas97869989 Central Visayas1018711192 Eastern Visayas94789878 Zamboanga Peninsula93738871 Northern Mindanao102849883 Davao96829985 Soccsksargen85729682 Caraga86738874 ARMM61526254 Average Income and Expenditure of Families by Region, at 2000 Prices: 2006 and 2009 (in thousand Philippine Peso)

10. ASEAN COUNTRIES SELECTED DEVELOPED COUNTRIES Country Gini coefficient CountryGini coefficient Philippines0.4484USA0.408 Singapore0.425Italy0.360 Thailand0.425Australia0.352 Cambodia0.407Switzerland0.337 Indonesia0.394France0.327 Malaysia0.379Canada0.326 Vietnam0.378Finland0.269 Lao PDR0.326Sweden0.250 MyanmarNo dataJapan0.249 Brunei Darussalam No data The 2009 Official Poverty Statistics

11. Region Poverty incidence among families 200320062009 Philippines20.021.120.9 Caraga37.636.939.8 ARMM25.036.538.1 Region IX40.534.236.6 Region V38.036.136.0 Region III30.231.133.2 Region X32.432.732.8 Region VII32.133.530.2 Region XII27.227.128.1 Region IV-B29.834.327.6 Regions XI25.426.225.6 Regions VI23.522.123.8 Region I17.820.417.8 CAR16.118.617.1 Region II15.215.514.5 Regions III9.412.0 Region IV-A9.29.410.3 NCR2.13.42.6 The 2009 Official Poverty Statistics

12. Region No. of Registered Cooperatives Total Membership No. of Persons Directly Employed No. of Persons Indirectly Employed Amount of Assets Region I1,269405,5148,0865,6764,317,895,077.24 Region II755374,0315,5323,8834,684,779,526.47 CAR711250,6222,8271,9857,414,692,256.02 Region III2,005624,32917,37712,19912,310,729,950.94 NCR2,1291,313,34021,35914,99455,553,822,731.27 Region IV2,450580,00220,07714,09420,411,684,593.83 Region V793241,5284,7843,3582,879,707,908.84 Region VI1,332418,6038,8886,2399,151,433,182.31 Region VII1,523588,56420,34214,28016,110,273,531.69 Region VIII666277,5435,2383,6775,335,128,809.28 Regions IX741300,4577,8195,4895,273,818,664.78 Region X1,438392,70026,35018,49813,442,974,069.45 Region XI1,653346,45619,88313,95817,657,235,578.31 Region XII1,006190,46410,3827,2888,529,489,011.51 CARAGA1,042187,3376,6224,6493,647,290,950.81 ARMM1,21456,49015,65910,9933,191,694,419.94 Central Office65No data 19,927,614,544.33 Grand Total20,7926,547,980201,225141,260209,840,264,807.02 Registered Cooperatives, Its Assets, No. of Employees, Indirect Employment

13. Conclusions The recurrence of economic epidemic brought about by capitalism and the injustice it accord to society needs immediate attention If the number of social enterprise will continue to grow in tandem with the growing number of membership, the social inadequacy introduced by capitalism will gradually vanish

14. Recommendations it is imperative that the pending bill on recognizing the role of social enterprise must be acted with dispatch the presence of cooperatives must not be viewed to be adversarial to the present capitalist’s set-up

15. Literature Cited Avadhuta, A.V. The Post Corporate World by David Koten 1999Kumarian Press, West Hartford, CT Downloaded from: www.ru.org/book-reviews/the-the-post-corporate-worldwww.ru.org/book-reviews/the-the-post-corporate-world -david-koten.html. Burnett, B. The Smirking Chimp 2011downloaded from: http://www.alternet.org/story/152118/5_reasons_http://www.alternet.org/story/152118/5_reasons_ Capitalism_has_failed Emery, A. Why Capitalism Fails Society 2012Posted in Ecology and Biology downloaded from: http://www.kivu.com/?p=4098http://www.kivu.com/?p=4098 Haines, W. The Bankruptcy of Classical Economics 1993New York University downloaded from: www.ru.org/economics/the-bankruptcy-ofwww.ru.org/economics/the-bankruptcy-of -classical-economics.html

16. Jossa, B. Marx, Marxism and the Cooperative Movement 2003Cambridge Journal of Economics downloaded from: http://cje.oxfordjournals.org/content/29/1/3.shorthttp://cje.oxfordjournals.org/content/29/1/3.short Lendman, S. Predatory Capitalism Failed 2012 downloaded from: http://www.globalresearch.ca/index.php?context=va&aid=30763 http://www.globalresearch.ca/index.php?context=va&aid Mihm, S. Why Capitalism Fails. 2009The Boston Globe Downloaded from: http://www.commondreams.org/view/2009/09/14-6 Nito, B. The Social Economy Picture 2012downloaded from: ww.google.com Noya, A. New Economic and Financial Order: What the future holds for cooperatives? 2012Organisation for Economic Cooperation and Development (OECD) downloaded from: http:/www.sommetinter2012.coop/site/home?

17. Ping-ay, J. The State of Cooperatives in the Philippines 2011Coop NATCOO Partylist Downloaded from: http://cda.gov.ph/website/html/press_room_speech_http://cda.gov.ph/website/html/press_room_speech_ Pin-ay.html Republic Act No. 583- An Act To Constitute A Small Farmers’ Cooperative Loan 1950 Fund For The Purpose of Providing Credit Facilities To Small Farmers and Farm Tenants Downloaded from: www.lawphil.net Republic Act No. 2023- Philippine Non-Agricultural Cooperative Act 1957downloaded from: www.lawphil.netwww.lawphil.net Republic Act 6038- National Electrification Administration Act 1969downloaded from: www.lawphil.netwww.lawphil.net Republic Act No. 6939- An Act Creating the Cooperative Development Authority 1990downloaded from: www.lawphil.net

18. Republic Act No. 9520- An Act Amending The Cooperative Code Of The Philippines 2008To Be Known As The “Philippine Cooperative Code Of 2008” Downloaded from: www.lawphil.netwww.lawphil.net Social Sectors B Division, National Statistics Coordination Board 2012downloaded from: www.nscb.gov.ph/poverty/2000/ot_gini.asp Tañada, L. Representative, 4 th District, Quezon Province, House Bill No. 6085 2012Republic of the Philippines, Congress of the Philippines Fifteenth Congress, Second Regular Session Downloaded from: www.google.com.ph Villalba, M. A. Social Enterprise: A Strategic Proposition 2012Unlad Kabayan Migrant Services Foundation Downloaded from: www.unladkabayan.orgwww.unladkabayan.org Virola, R. 2009 Official Poverty Statistics 2009National Statistics Coordination Board Downloaded from: www.nscb.gov.ph