Actually Existing Neoliberalism and Enterprise Formation in the Informal Economy: Interrogating the Role of Mediating Social Enterprises in India and South Africa

Abstract Scholarship on social entrepreneurship primarily reduces social enterprises in the Global South to geographic variations of an idealized concept of combining commercial imperatives with social missions. In the article, I see social enterprise practice in economies of the Global South, namely India and South Africa, as channels to engage in the ongoing theorization of the field. The article draws on the frame of actually existing neoliberalism, moving beyond macroperspectives and policy imperatives on social entrepreneurship to show how neoliberal rationalities are mobilized and regulated by emancipatory rationalities and agendas. The empirical focus is on social enterprises mediating enterprise formation to address employment concerns in the informal, noncapital domains of India and South Africa. I draw on data from the ethnographic fieldwork on mediating social enterprises collected during my doctoral research. The lived realities of practice of the two intermediaries considered in the article, Dhwani in India and EntShare in South Africa, show mediating social enterprises in ongoing negotiations with capital and noncapital domains. Understanding the negotiations explains the convergences and divergences in how neoliberal economic rationalities align with progressive and emancipatory agendas and values across India and South Africa. In doing so, the article provides an opportunity to enrich conceptual registers of postcolonial economic geography by tracing and articulating mediation processes between neoliberal and nonneoliberal rationalities not solely from one site but across contexts.