Economy

Currently more than 800,000 people are without paid work and are struggling to meet basic needs such as housing and food. There are countless stories of those living on welfare having to choose between paying a bill or eating a meal. Anyone who has been unemployed knows it costs money to seek employment, from printing your resumes to the cost of travel to interviews, appropriate clothing or a haircut. It is nearly impossible to look for paid work if you are homeless and hungry.

In Green Left Weekly #1172, Peter Robson launches a boots-and-all attack on bitcoin, but what is missing amid his torrent of abuse is an analysis of bitcoin and its social potential and impact.