Monday, May 04, 2009

Bartering Surges in Russia: 3 to 5% of Total Sales

A year ago, Russia seemed to be sloshing around in money. Now it's in the grip of a liquidity crisis, and individuals and companies are looking to another way to procure what they need - bartering. This direct exchange of goods and services is rising in popularity in Russia.

Thousands of barter offers can be found on the internet. And the items being put up for exchange give an idea of just how tough times are for some: a cottage for a car, furniture for a laptop computer, a pair of rubber boots for a box of chocolates, even retail discount cards for men's socks or baby food.

And it's not just individuals going online to barter; companies, large and small, are offering to exchange everything from apartments to building products to keep business ticking along, or to even stay in business.

Link and radio report (audio).

HT: Greg Allar

2 Comments:

At 5/04/2009 2:01 PM, Blogger Craig Dennis said...

Holy guacamole, I never thought I'd see the day. Substitute currency is making a SERIOUS comeback.

So many examples, and ***still*** people don't believe that the market simply does what it needs to provide equilibrium?

Just wait until bartering is outlawed because it "undermines confidence in printed money."

 
At 5/15/2009 9:48 AM, Anonymous Anonymous said...

i completely agree at how there are many bartering examples on the internet, and the bartering surge that is taking place in Russia is also happening in the United States. a great site that shows this is www.favorpals.com. many people are trading services for services, and what is unique about this site is the fact that it promotes "a world without money."

 

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