While Greece ’s government muddles through austerity and slow-going market reforms, some Greek citizens have taken it upon themselves to revolutionize their economy from the ground up. They’re starting businesses, organizing new markets and local trading systems, and filling the void left by public services cuts. Jon Henley at The Guardian gives an in-depth look:
Greece’s Cut-Price Potato Movement Shows Greeks Chipping in
In short, it’s capitalism at its finest: Free of a heavy regulatory hand, these innovative folks have found ways to literally cut out middle men and other commercial burdens—and the result is lower prices, more efficient allocation of resources, and easier access to goods and services. Makes one wonder what Greece could be if its government put the same effort into liberalizing the economy from the top down.
