Black Political Economy, Solidarity Economics, and Liberation: Toward an Economy of Caring and Abundance

Abstract

Combining Black political economy and solidarity economy theories and practices provides alternative models for group development based on recognizing and developing internal (to the individual and to the community) capacities and creating mechanisms that equitably produce, distribute, recycle, and multiply local expertise and capital within communities of color, especially Black, communities—creating a solidarity economy of caring community for survival (successful social reproduction), sustainability, and liberation. The history of mutual aid, cooperative ownership, and economic democracy among African Americans demonstrates how economic cooperation and solidarity economics have enabled Blacks to address human needs, generate income, and at the same time be family and community friendly, in reaction to anti-Blackness and racial economic inequality. Cooperatives enable low-income residents, women, immigrants, and people of color (who often are without any avenue to gain income or assets) to provide affordable, quality goods and services in ecologically sustainable ways and generate jobs, stabilize their communities, and accumulate some assets. The history of African American cooperative ownership demonstrates that Black Americans have been successful in creating and maintaining collective and cooperatively owned enterprises that often provided not only economic stability for members and their communities but also developed many types of human and social capital and developed community-wide well-being. I discuss how this helps us to define an economics of abundance and explore possibilities for achieving economic liberation in the twenty-first century. JEL Classification: J15, B54, P13