Solidarity economics or Solidarity Economy is a concept that emerged from social movements primarily in Latin America in the 1980s and ‘90s fighting against neoliberal capitalism. It describes a process of promoting cooperative economics that promote social solidarity, mutual aid, reciprocity, and generosity. It also describes the horizontal and autonomously driven networking of a range of cooperative institutions that support and promote that aforementioned values ranging from worker cooperatives to informal affinity-based neighborhood bartering networks.
Our conception of solidarity economy is inspired by the Mondragon Corporation, a federation of mostly worker cooperatives and consumer cooperatives based in the Basque region of Spain. It also draws from the best practices and experiences of the solidarity economy and other alternative economic initiatives already in motion in Latin America and the US.
We are working to make these practices and experiences relevant in Jackson, Mississippi, and other MXGM chapters, and to facilitate greater links with existing cooperative institutions in the state and elsewhere that help broaden their reach and impact on the local and regional economy. The solidarity economy practices and institutions that MXGM is working to develop in Jackson include: