Paul Paul

Mr Davies' hair-splitting reveals an interesting conundrum, in that CICs are basically a way of encouraging social enterprises, which the government views as essentially an extension of the community sector, whereas PICs are basically a result of a perceived failure of either traditional public ownership or private ownershop models to deliver public value.

In other words, they are differentiated largely on the basis of different legal/institutional/sectoral/philosophical labels, rather than their purpose, where I think they are probably pretty indistinguishable.

Turns out, that conundrum wasn't that interesting. Where's Richard Whitely when you need him?...

Bill Thompson

I took it upon myself to post the text of Will's piece as a comment on his own blog (http://www.potlatch.org.uk/) so that any of us could read it. After all, he has the copyright... and I like stirring things up :-)