Tag: economy
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Digital Tools Are Fueling the Rise of New “Time Exchange” Solidarity Economies
Through time exchanges, members earn time credits by helping others, then redeem them when they need help themselves. This article was originally published by Truthout In Kent, Ohio, older white women and immigrant families are forging unexpected connections through a time exchange network. Through time exchanges — sometimes called time banking — members earn time…
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Chile’s solidarity economy is growing
Chile has emerged from decades of often brutal dictatorship under General Augusto Pinochet with a dynamic and growing economy—and deepened social and economic inequalities. Pinochet’s neoliberal economic policies have concentrated wealth among the few and left significant portions of the population behind. In 2017, 56 percent of the lowest-income population earned, on average, only $258…
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How the liberal city paved the way to neoliberalism
In 1979, a few years after New York’s fiscal crisis, New York City mayor Ed Koch posed for a photograph alongside Donald Trump. Mayor Koch despised the welfare state and cut it severely during his tenure. He also partnered with developers like Trump to promote real estate growth, in the hope that it would prevent…