London LETSlink Reorganises

Trading Goods for Goods

If you haven’t heard of LETS, (or perhaps more properly L.E.T.S.) the acronym stands for Local Enterprise Trading Scheme/System. It is a method of trading without money in these hard times. LETS has been around for over thirty years, and is a form of barter with people exchanging goods and services locally.

The London LETS organisation has been moribund for some time, but its Co-ordinator Mary Fee is now contacting members to reorganise and reinvigorate the system. LETS is far from the only movement attempting to develop alternatives to the current debt-based financial system – which clearly isn’t working. Others include Community Exchange System, U-Exchange, and the new kid on the block, Bitcoin.

LETS organisations exist all over the globe; if you are currently unemployed, between jobs or have time on your hands for whatever reason, you might like to Google your local group and see what is happening.

About the author

Alexander Baron

  • Tim Sandle

    Interesting economic initiative.