LA INVASORA 1600
espaƱol english

WWRL Hosts Blog


@Thom_Hartmann blog - Austerity Breeds Experimental Economies in Europe

by Thom Hartmann posted Aug 29 2012 3:31PM


In Spain, where a recession is expected to get even worse after the government passed $80 billion worth of austerity measures, new economies are springing up all around the country that aren’t dependent on the crippled euro. The economies are based on barter and exchange.

For example, “time banks” are popping up around Spain – that allow workers to trade in their services in hours – and receive services in return. Labor and services are thus exchanged through hours – and not through currencies. Tens of thousands of citizens are participating in more than 325 time banks all around Spain – making it one of the largest modern economic experiments in recent history. Similar time banks can be found in Greece and Portugal, too – as alternatives to the corporate free-market, austerity recovery being pushed by banksters and technocrats.

As the Washington Post describes these new economies, “These experiments aim to take communities back to a time when goods and services were bartered, before things such as interest rates, market speculation, and derivatives complicated the financial world.” Clearly, the globalized, free market experiment of the last thirty years has failed us, and it’s time to look for new alternatives.

Listen to me live Monday through Friday 3 PM to 6 PM on WWRL 1600.

#WWRL1600
@WWRL_1600
Filed Under :
Topics : Business_Finance
08/29/2012 3:31PM
@Thom_Hartmann blog - Austerity Breeds Experimental Economies in Europe
Please Enter Your Comments Below
Title :
Comment :
On Air Now
La Invasora Fe Programas
Recent Posts
Esta es mi recolección de frases
Navidad: ofensiva para algunos, alegria para muchos
La Gota que Derramó el Vaso
Conoce las 7 sectas y religiones mas extrañas del mundo
LUIS FONSI ABRE SU CORAZON ESTA NAVIDAD
Tag Cloud
No Tags Found !
Blog Categories
Archives