Saturday, October 1, 2011

Battered by Economic Crisis, Greeks Turn to Barter Networks

This article talks about the growing networks after the economic crisis in Greece. Right now, the market in Greece is filled with part alternative currency, part barter system, part open-air market, which provides a good opportunity to development network. The Greece government also published a law to encourage the creation of “alternative forms of entrepreneurship and local development,” including networks based on an exchange of goods and services. Beyond network exchanges, there are newer signs of cooperation from the ground up, but most Greece believe that these exchanges represent a more unstable economics in the future.

1 comment:

  1. This just goes to show you that where there is a will, there is a way. The Greek economy is in shambles right now, but at least with these barter systems small towns can get by somewhat well. It also gives the U.S a nice blueprint for how to start these networks in the (inevitable) event of a second recession.

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