Alternative Economy

An alternative economy refers to a system of economic activity that operates outside traditional market structures and mainstream financial institutions. It emphasizes sustainable practices, community ownership, social well-being, and environmental responsibility. This can include local currencies, cooperatives, barter networks, and initiatives like crowdfunding or time banking. The goal is to foster economic activities that prioritize human needs and ecological balance over profit maximization, promoting more equitable and resilient local communities. It’s about creating economic models that complement or challenge the dominant system to achieve broader social and environmental goals.