Monday, March 19, 2012

Modern Barter System at work in Greece

This is a very instructive article, dated from November, but I just discovered it. It describes how the modern barter system works in a town in Greece, like the Jubilee Network is designed to work here.

Turns out, a functioning economy doesn't need money, it just needs an accounting system. The system in Greece uses some special device to attach to cell phones. The JubileeNet doesn't need a special device, you can just enter the transactions directly on your internet-connected phone.

Just like in my JubileeNet, in Greece, the same system also functions as a store-front and help-wanted page. It both advertises its own market and tracks balances of the market participants.

If you have not yet signed up for a JubileeNet listing, you can do so here:

See the article on the Greek system here:

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