Article: #New Economies

New, better, Economies! What are we talking about?

We all have some notions of economy, traditional economy, where goods are exchanged for money, and were money give all of us the purchasing power (to survive in this capitalistic society). What’s sad is that things are changing: we often hear about climate change, increasing poverty, lack of water, and other thousands of global issues.

Good news! There’s still hope! 🙂

New economic, societal and environmental systems are facing all these problems with positive solutions!

Let’s find out together – in an easy and funny way! – the key elements of these new, positives, economies!


  • Social Economy: the principles that guide the social economy are solidarity and collective involvement, promoting active citizenship. It plays an important role in the local – sustainable and inclusive – development and in social cohesion. A social enterprise has specific characteristics: economic viability – that means do not depend on the public sector -, democratic management and a mission that answer the need of a community. Here’s a few examples 🙂 Asia, Europe, America, Africa, Oceania.           Must know: the term “social” is often accompanied by the term “solidarity”, forming the Social and Solidarity Economy (like the French Economie Sociale et Solidaire). What’s the difference? This term emphasizes the primacy of people over capital and embrace a philosophy of empowerment, equality and inclusivity (some examples are  NGOs like Emergency, Save the Children and others).
  • Sharing Economy: the sharing economy, also called collaborative economy, is based on initiatives that comes from “horizontal networks”, or better from the participation of a community. These communities meet and interact on online networks and peer-to-peer platforms, as well as in shared spaces such as fablabs and coworking spaces. Here’s some examples and infographics! 🙂
  • Green Economy: It recognises and invest in the natural capital, considering the biodiversity as the living tissue of the planet, that contributes to the human well-being through free valuable resources. The green economy is strictly connected to the sustainable development and circular economy. Why? In order to safeguard natural assets – too often exploited, with disastrous consequences – during human development. Here some green initiatives from the United Nations Environment Programme and others, to create more sustainable cities and achieve all the UN goals. Find some infographics here! 🙂
  • Participatory Economy: It’s a model for a new economy based on democracy, justice, self-management and ecological sustainability, proposed as an alternative to our current economic system. A participatory economy entails social ownership of productive property, self-managed workplaces and neighbourhood councils. The final goal is to bring direct democracy in all social life aspects, from politics to economy, from production to consumption, from distribution of resources to participation of the common prosperity, both in private and institutional organisations.
  • Circular Economy: The Circular economy offers an opportunity to reinvent our economy, making it more sustainable and competitive, with benefits for businesses, industries, and citizens alike. It includes measures to cut resource use, reduce waste and boost recycling. The concept is simple: use something, when you think that his life is over, you can probably recycle it – or some of its components – and re-use it! 🙂 Have a look at these interesting infographics!
  • Positive Economy: It promotes à positive society, through altruism – for each individual, but also the State, local authorities and companies – as the way of building tomorrow’s society together. Education, health, transports, ecology, finance, democratic governance, climate change, innovation. Find out more here! 🙂

How does it work near you? Do you have something more to say about these new, incredible economies? Leave a comment

Have you liked this post? 🙂 Let me know!

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