Portuguese Social and Solidarity Economy’s ‘Substantive Meaning:’ Constructing an Alternative Path to European Cohesion

Karol Gil-Vasquez

Forum for Social Economics, 2022, vol. 51, issue 3, 341-360

Abstract: After the 2008 Global Financial Crisis (G.F.C.), the conditions that are tearing the European Union (E.U.)’s amalgamating mission apart resurface. The focus of this paper is one E.U. member, Portugal, a country that experiences a sovereign debt crisis in 2009. To confront a plethora of issues, Portugal’s marginalized sectors develop initiatives that revolve around the Social and Solidarity Economy (S.S.E.). The Portuguese S.S.E. represents an ideological manifestation and a pragmatic initiative to re-contextualize the E.U.’s economy that ameliorates inequality and democratizes the economy, igniting participatory democracy. On the one hand, the Social Economy promotes initiatives based on a value system that prioritizes people over profits. On the other, the Solidarity Economy incorporates a non-market vision to production, consumption, and distribution. Portugal is contributing to S.S.E.’s robust existence in the E.U. It constitutes a sector that enhances reciprocity, participatory democracy, and associationism at the community level.

Date: 2022
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DOI: 10.1080/07360932.2020.1724553

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