16 Feb '12, 1pm

Alternatives emerging from the Greek crisis | Andrew Simms

Alternatives emerging from the Greek crisis | Andrew Simms

Decades of work on humanitarian disasters show that, in the first most important hours after a disaster, how well a community responds depends on the strength, quality and capacity of the social networks it already has. These, obviously, are set by how the community and economy has been organised up until then. Small island states, for example, used to being on their own tend to develop more cooperative systems and be more resilient when disasters strike. Local people are first on the scene, and usually best understand who needs what kind of help. It was local businesses, not big corporations, who were first back to rebuild after the flood disaster in New Orleans (and Cuba, for interest, which was more cooperatively organised and, oddly, internationally isolated than New Orleans, survived far better a hurricane of similar scale). Elsewhere, in the wastelands created by rec...

Full article: http://www.neweconomics.org/blog/2012/02/16/alternatives-...

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