Political economy of alternative economies in Latin America

Abstract

Given the serious and prolonged global crisis and the crisis of the development model that has led to the loss of well-being of the population, a series of categories associated with the notion and forms of alternative economies emerge in the debate and as a development proposal. They group together organizations, which do not belong to either the private or the public sector that place social, ethical and human aspects above private interest, the central purpose of capitalism, and that try to develop alternatives for community, local, regional development against the crisis situation. This work aims to reflect on alternative economies in Latin America from the perspective of political economy. A hermeneutic analysis method was used under a documentary research design. The emergence, expansion and diffusion of different and heterogeneous alternative expressions of economics, in Latin America and in other parts of the global south, constitutes decisive proof that the dominant economic model, represented by neoliberalism, is becoming increasingly intolerable; and that the moral conscience of the masses represents an unavoidable transition in the process of maturation of a new world conscience that will seek another modality of social organization