drachma

Aljazeera’s The Stream reports on how people declare economic independence by establishing alternative currencies.

“People and businesses are establishing micro-currencies in the wake of the global financial crisis in order to take matters into their own hands. These small alternative forms of money are used as a way to promote local commerce and challenge the current economic system.

Critics, however, claim they are merely a gimmick. Others say it is a way to keep money within a local economic area while forming resilience against the volatility of the global system.

In this episode of The Stream we speak with Eric Garland (@EricGarland), Heloisa Primavera (@jelenabartermad) a sociologist in Buenos Aires, Argentina and Peter North, a senior lecturer at the University of Liverpool.”

Watch episode (YouTube)