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lessons from argentina 2001

09/27/2008 04:14:04 PM
Argentina suffered a serious economic crisis in 2001, with the devaluation of the currency because of pressure from the IMF to pay debts. This lead to mass unemployment and plunged huge numbers of people into poverty.

It was interesting to see what happened in the country which is shown in the film below, Argentina Turning Around.

This is the story of how in some areas of the country the unemployed took control from the government of the education system and created their own co-operative businesses.



With Western economies under considerable economic pressure, it will be interesting how communities self-organize to support and look after themselves. We are already seeing signs of this type of organization with the sustainability movement across the world and it remains to be see if groups will built on this to take back more control and to give their communities a future.






Posted by Ed Cotton
Tags: argentina (1) economicrisis (1) economy (7) communities (2)

Articles for tag argentina (1 total).