Money Pools in the Americas: The African Diaspora’s Legacy in the Social Economy
Caroline Shenaz Hossein
Forum for Social Economics, 2016, vol. 45, issue 4, 309-328
Abstract:
Money pools are ancient African traditions that speak to the functionality of getting things done by a historically oppressed group of people. The analysis for this study is based on 583 interviews in five Caribbean countries: Haiti, Grenada, Jamaica, Trinidad and Tobago, and Guyana. African traditions of collectives reveal that Black people have long had money pools that focused on helping people thrive in commerce, including during the hard times of slavery and colonization. This research argues that throughout the Caribbean indigenous banking systems—with localized names such as susu, partner, meeting-turn, box-hand and sol—are long-standing ancient traditions that historically and currently are taking a bold stand against exclusionary financial systems. African-Caribbean people have an important legacy on the social economy through money pools. The ways in which persons of African descent organize in the social economy is vital to unravelling the market fundamentalist view that there is only a singular way to do business in society.
Date: 2016
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/07360932.2015.1114005 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:fosoec:v:45:y:2016:i:4:p:309-328
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RFSE20
DOI: 10.1080/07360932.2015.1114005
Access Statistics for this article
Forum for Social Economics is currently edited by William Milberg, Dr Wolfram Elsner, Philip O'Hara, Cecilia Winters and Paolo Ramazzotti
More articles in Forum for Social Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().