A Shareable explainer: What is the Solidarity Economy?
By Emily Kawano, originally published by Shareable May 9, 2024
"...Here are some key differences between the sharing economy and the solidarity economy:
Profit orientation: ...the solidarity economy actively seeks to downplay or redistribute profits to stakeholders and community members...
Community engagement: The solidarity economy is deeply rooted in community engagement and empowerment, aiming to improve local resilience and economic democracy...
Governance: Solidarity economy initiatives typically involve democratic or participatory governance, with stakeholders involved in decision-making...
Sustainability and equity goals: The solidarity economy explicitly aims for social and environmental sustainability and equity. While sharing economy platforms might contribute to resource efficiency, these outcomes are not always the primary goal..."
