Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)

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Symbiotic System for Community Economic Development and Capitalistic System

From a Cooperative-Funding Perspective

Authors
Junyang Wang1, *, †, Xiaojuan Zhou2, †
1Shannon School of Business, Cape Breton University, Sydney, B1S 3B8, Canada
2Guangdong Experimental High School, Guangzhou, 510415, China
†

These authors contributed equally

*Corresponding author. Email: cbu20mnj@cbu.ca
Corresponding Author
Junyang Wang
Available Online 29 April 2022.
DOI
10.2991/aebmr.k.220405.221How to use a DOI?
Keywords
Cooperative; Community Economic Development; Fund Raising; Neoliberalism; Factoring
Abstract

Both Neoliberalism and Community Economic Development (CED) system have unique advantages and practicality. However, due to the lack of understanding between the two systems, the synergy effect is almost impossible to be created. Both systems act in the form of being against each other, resulting in more severe conflicts. This paper dedicates to finding the way to connect the two systems and building a bridge for both parties to improve their communication with each other better, to find a peaceful solution that could create synergy effects that would not only benefit both systems but also improve the market into a stronger-efficiency form while improving the Corporate Social Responsibility (CSR) system. With the establishment of the factoring model between cooperatives and the for-profit sectors introduced in this paper, both parties would be able to establish and strengthen partnerships and benefit from the new relationship. If the system was to be massively promoted, there could be potentials for the for-profit sectors to generate more CSR-oriented entities. The two parties can develop on an equal footing, and eventually become a brand-new form of system, eliminating “bad apples” within the capitalist system without revolutions.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2022
ISBN
978-94-6239-572-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.220405.221How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Junyang Wang
AU  - Xiaojuan Zhou
PY  - 2022
DA  - 2022/04/29
TI  - Symbiotic System for Community Economic Development and Capitalistic System
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1328
EP  - 1333
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.221
DO  - 10.2991/aebmr.k.220405.221
ID  - Wang2022
ER  -