Solidarity Economics
New Economic Thinking
"How do we transform societal structures and pave the way to economic democracy? Professor Jessica Gordon Nembhard explores the potential of cooperatives and solidarity economics as pathways towards economic democracy and justice. Drawing on historical examples from the civil rights movement and the Knights of Labor in the 1880s, Nembhard demonstrates how cooperative economics can counteract the exploitation inherent in capitalist systems. She underlines the importance of communal ownership and shared decision-making as mechanisms for wealth redistribution, arguing that such models can liberate communities from economic exploitation. In this alternative approach, power inequities are challenged, and economics becomes a system where everyone can participate and benefit, realizing possibilities through pooled resources and collective action."