The Black Social Economy and the Social and Solidarity Economy

This entry provides a definition of Black social economy from the perspective of social and soldiarity economy (SSE). In countries around the world, Black men and women have pooled their financial resources for their economic gain. More importantly, these individuals cooperate in social and solidarity economic efforts because of the discrimination they experience in the economic, political, and social spheres. Therefore, the Black social economy allows Black men and women to rebel against oppressive economic systems in the countries where they reside. By engaging in SSE efforts like Rotating Savings and Credit Associations (ROSCAs) and money pools, Black people, who often live in impoverished conditions, gain an enhanced sense of self-determination and self-pride.