Book Review: Vishwas Satgar (ed.), The Solidarity Economy Alternative: Emerging Theory and PracticeSatgarVishwas (ed.), The Solidarity Economy Alternative: Emerging Theory and Practice, University of KwaZulu-Natal Press: Durban, 2014; 332 pp.: ISBN 978...

What is it about?

The main assumption of this volume is that there is a need to search for new economic systems because neoliberal capitalism is in a deep crisis. This observation is related not only to the recent global financial crisis that started in 2007/2008, but also to the negative impact of capitalism on sustainable development, its technocratic/top–down ‘catch-up modernization project’ applied to countries of the Global South, and the limited interest of capitalists in social responsibility. Thus, after describing the limits of capitalism, Vishwas Satgar argues that policy makers, activists, and scholars should focus on the development of grassroots solutions and real possibilities that are already emerging and being disseminated around the globe. Satgar argues that the solidarity economy should be a counter-hegemonic political economy and an economic, cultural, and political praxis that fosters the liberation of all people through ethical and sustainable means.

Featured Image