against murderous resource extraction corporations

vanuatu has a traditional, alternative economy that still works

With the world rocked by economic turmoil, Dateline explores an alternative financial system that’s secure, stable and has stood the test of time.

Officially Vanuatu is one of the world’s ‘least developed countries’, but this is misleading. 80% of the population have almost no need for cash at all – they live on their own land and grow, fish and hunt for their food.

When they do need money, they simply make their own – traditional currencies like woven mats and pigs with tusks can be used to pay school fees and medical bills.

On the island of Pentecost there’s even a traditional bank that accepts deposits of pig tusks and claims to have reserves of $1.4 billion.

WATCH – See Amos’s insight into life on Vanuatu.

from sbs dateline – vanuatu’s piggy bank

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s