Social Finance

New approach is possible and needed for social policy in Alberta

A new study by the Parkland Institute details the devastation to Alberta's social services sector following decades of experimentation by the provincial Tories. The main goal of many of these initiatives was to cut government spending on social welfare and offload provision to anyone willing to take them on – for-profit and not-for-profit organizations alike.

Social Impact Bonds: The Next Stage of Casino Capitalism

Social Impact Bonds come from the same dark place in the financial world as complex derivatives, the trading of which lead to the great financial crisis. They are a way for the great gamblers of financial markets to place bets on 'success,' in this case betting on the delivery of social services on the cheap. It is a disaster in the making for anyone who actually needs support.