Governments everywhere are pumping and printing money in the hope of saving local economies and averting an unprecedented global economic recession.
Economic stimulus of this type can only be a temporary measure. What’s required is an ongoing flow of capital into the global economy beyond government bailouts, credit markets and private capital.
Trruster provides an alternate solution by expanding the economic common good beyond profits to include social capital in all its forms as the New Third Way.
This is achieved by including a social responsibility component in its Group & Business subscription fee equal to 1% of revenue. One hundred percent of this revenue is then distributed back into the community through the nonprofit sector.
The nonprofit sector is currently funded by donations, grants and tax incentives. It has always struggled because of the difficulty of getting adequate funding. It could be devastated in a prolonged global recession as funds totally dry up.
Under the New Third Way concept, the nonprofit sector will be funded by corporate social responsibility. It will also become known as the social profit sector in recognition of the importance of social capital in the economy.
As such, it will be the next source of real economic growth, creating jobs, restoring confidence and mitigating the effects of global economic downturns.
We have developed the concept and have the technology to distribute potentially billions of dollars within months, on an ongoing basis, not just to mitigate the impact of the coming global economic recession but to also establish the basis of a new economic model.
Check out our FAQ (opposite) for details.