Zimbabwe's experience with kicking out the white farmers and seizing their land for redistribution.

submitted by Chipit from (i.redd.it)

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[–]Tom_Bombadil 4 insightful - 5 fun4 insightful - 4 fun5 insightful - 5 fun -  (5 children)

Says the guys owning the press.

Local economies prosper in these conditions, and the Banksters don't get their loan payments.

Countries with low GDP often have decent living standards, but they don't have economies that depends upon financial transactions.
Credit economies existed before money economies. The barter theory is a myth.

Poverty rates don't apply in the same way in these economies, because they are "poor" based on income in $$$'s. Lack of $$$ does not equate to starvation, etc.

Most places are better off without the Banksters noticing them.

[–]la_cues 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (4 children)

Are you saying small towns regress back to local supply-chains and small-scale economies?

I would assume the market is essentially a truly free (of regulation) market. No govt imposed restrictions. If you have any more information I would be grateful. I'm very interested in the ramifications of situations like this.

I understand that in many cases it devolves into militia/mafia controlled, but there's gotta be success stories before then!

[–]Tom_Bombadil 6 insightful - 5 fun6 insightful - 4 fun7 insightful - 5 fun -  (3 children)

David Graeber is a good source for what you're looking for.

Unwelcomed Guests has a free audiobook of Debt: The first 5000 years.

Well worth listening to.

Graeber first encountered anarchist society in rural Madagascar while researching as an anthropologist.

IIRC: The locals pretended to have a government to keep up appearances, and fooled him for about two years, when he figured it out on his own.

https://anarchyinaction.org/index.php?title=Highland_Madagascar

Also, this topic is touched on in a couple different episodes here.

http://www.unwelcomeguests.net/Episode_Index

I highly recommend this site. You will learn more than you expect to.

[–]la_cues 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

WOW Thank you, much appreciated.

[–]mikipika 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (1 child)

You are awesome. Thank you!

[–]mikipika 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Confused. tom_ bombadil are you also la_cues?