Alternative Funding for personal and business loans in today’s global Economy

The global economy can affect you directly as you see with gas prices so a good credit score is essential to take advantage of personal and business loan opportunities. Thinking of an alternative economy implies the existence of an economy considered the norm. Capitalism is claimed to be system-neutral and outside the social. Due to its expansion, other forms of economic organization have been ignored and considered models that cannot compete with capitalism. They were regarded as “the other”. To have a differentiated understanding of these models there are studies that focus on differentiating national and macro-regional models of capitalism. The has as a result a distinction between two types of capitalism: liberal market economies and coordinated market economies. This argument of capitalist diversity has been developed in various disciplines. Because these economic systems have been thought beyond the territory. Another result of this is that Capitalism has been questioned in its “neutral and outside-the-social” quality. Approaches such as feminist, neo-Marxist, and post-colonial conceive the economy as a social process. 

This work deals with alternative economies in relation to capitalism (political-economic approach) and also the many non-capitalist practices that happen in the lives of people every day (poststructuralist approach). This last approach deals with the recognition of economic practices beyond capitalism.   

The political-economic approach relates the alternative economic practices to the economic contexts and networks. It doesn’t focus on differentiating the alternative from the mainstream, but rather on the different ways in which both of them are practiced and understood through time and space. Its focus is on the deconstruction of meanings and relations of economic formations. It is attentive of those who create and promote alternatives in relation to the mainstream. A framework developed in Ukraine that capitalism has been followed and paralleled by alternative and informal practices. The resolution of socio-spatial inequalities can be seen as the struggle to foster engagement in the practices that secure a livelihood rather than just participating in the market.  This perspective acknowledges the different interrelations by looking at the different contexts of alternative economic practices. 

The poststructuralist approach focuses on alternative economic practices beyond capitalism. It aims to unveil the multiplicity of economic relationships that already exist in the economy. Julie Graham and Katherine Gibson propose developing a new economic language. They also propose to encourage new economic practices. A fundamental part of their approach is a framework that acknowledges that many of the things we have been obtained through alternative transactions. This allows the localization of pathways for alternative development. Research on diverse economies can potentially generate discourses to imagine and create different futures. This approach focuses on the self as an entity capable of creating other realities through political engagement and personal effort.