Solidarity Economics: Why Mutuality and Movements Matter

Traditional economics is built on the assumption of self-interested individuals seeking to maximize personal gain. According to the authors of this study, there is much more to the story: sharing, caring and a desire to uphold the collective good are also powerful individual motives that can buttress the entire system. In a world wracked by inequality, social divisions, and ecological destruction, the authors seek to describe an alternative economics based on our mutual co-operation. They argue that our current economy is already deeply dependent on mutuality, but that the inequality and fragmentation created by the status quo undermines this mutuality and with it our economic wellbeing. They outline the theoretical framing, policy agenda, and social movements necessary to achieve a more equitable and sustainable economy. One objective should be “the construction of a larger ‘we’ that recognizes both differences and similarities, building compassion and care through a recognition of common humanity."

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