Why the social impact sector should demand — not ask nicely for — bailouts

Author Lauren Dobson-Hughes
Framing the sector’s needs more urgently

Why It Matters

As COVID-19 continues to force the shutdown of businesses and industries, those same businesses and industries are demanding support from governments. Should charities, social enterprises, and non-profits — who have so far asked nicely for smaller amounts of money than their corporate counterparts — do the same?

By now, we’ve heard from industries and corporations across the world, calling for government support to mitigate the impacts of COVID-19 shutdowns.

The calls for bailouts follow the same argument. When consumer demand drops so precipitously, there’s a risk companies go bankrupt, and cannot be revived when COVID-19 restrictions finally lift. It is simply non-negotiable that airlines need government financial aid. Of course, the cruise line industry needs a bailout, even though they’re registered offshore to avoid paying tax. It’s unthinkable that the hotel industry could go without a $150 billion bailout.

 

For limited access, create a FREE account

Limited Time Offer

Unlimited Access

Only $24 for the year 

80% off the standard annual membership ($119.50)

Enjoy unlimited access to insightful social impact journalism, special reports, talks and events that fuel your learning, development and decision-making.

For group membership discounts, contact us. community@futureofgood.co

Already have an account? Log in

These special introductory offer is not available to current subscribers of the same subscription type. Your payment method will automatically be charged in advance the introductory rate indicated in the offer above for 1 year, and after 1 year the indicated standard. Your subscription will continue until you cancel. Cancellation takes effect at the end of your current billing period. HST taxes apply. Offer terms are subject to change