The solidarity economy can be seen a) as part of the "third sector" in which economic activity is aimed at expressing practical solidarity with disadvantaged groups of people, which contrasts with the private sector, where economic activity is aimed at generating profits, and the public sector, where economic activity is directed at public policy objectives, or b) as a struggle seeking to build an economy and culture of solidarity beyond capitalism in the present.
The still evolving term "solidarity economy" is an English translation of a concept represented by the French "économie solidaire" and similar terms in several other languages. As such it is sometimes translated by other expressions such as "solidarity-based economy".
Read more about Solidarity Economy: Social and Solidarity Economy, Examples of Solidarity Economy Organisations
Famous quotes containing the words solidarity and/or economy:
“It is not in how one soul approaches another but in how it withdraws that I know its affinity and solidarity with the other.”
—Friedrich Nietzsche (1844–1900)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)