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Labkultur's White card : The Serendipity Machine

Visionary and change-maker Sebastian Olma on a new business concept.

That’s a weird word: Potlach. It sounds like a German village. Or a stew from Eastern Europe. However, it is an ancient term from a native Northern American dialect and is the term for a gift-giving festival and primary economic system practiced by indigenous people. They are giving away goods without getting back anything. At least not directly and nothing like money. The main purpose of the potlatch is the re-distribution and reciprocity of wealth. In the modern economies we don’t have this as a driving factor - our economy is based on a transaction, which is sealed by paying a price and which alienate the previous owner from the good or a service.

But things are changing.

Read full article on LABKULTUR.

Swantje Diepenhorst

Labkultur

LABKULTUR is a European webmagazine for culture and creativity. Over 20 authors from the Ruhr area, London, Rotterdam, Istanbul, Nantes and Košice report on cities within the world of digital and social change. They study the influence that culture has on city development and analyse the production and life situations of artists and creatives. LABKULTUR understands creativity as the engine of urban future. It is a project of ecce.

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