Thursday, April 19, 2012

Alternative currency in Volos (Greece)

As happened in Argentina a decade ago, crisis ravaged Greece is being forced to look for alternatives to Capitalist structures in order to survive. They have developed a system of credits by which they can offer and get products and services outside the official EU-IMF bourgeois economy and without using the now most scarce euros.


From Ex-SKF.

2 comments:

  1. Jct: Just imagine how many American towns were thriving as well during the Great Depression with over 2000 community currencies until they were banned by Roosevelt causing the extra deaths of 7 million Americans. Most people don't know he banned their community currency solution. Hope they don't ban TEMS.

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    1. I'm not sure of the details of the US legislation but there's almost always a backdoor like calling them coupons instead of money or whatever. Also many of these class initiatives are not fully legal: class initiatives make their own de facto legitimacy by means of social consensus and numbers to resist the law (if need be).

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