From 2006 to 2008, Duran took out 68 commercial and personal loans from 39 banks in Spain. He farmed the money out to social activists, funding speaking tours against capitalism and TV cameras for a media network. “I saw that, on one side, these social movements were building alternatives but that they lacked resources and communication capacities,” he said. “Meanwhile, our economy was perpetually growing, which lead to a system that created money out of nothing.”
What does Duran believe was wrong with Spain’s economic system?
Spain was trying to create money from nothing Spain’s economy wasn’t growing Spain has only 39 banks Spain was not able to pay its debts