Brief: From food carts and cottage businesses to alternatives to mortgages and business loans, immigrants are finding alternatives to traditional models for trade and credit.
Description: For the last 100 years, governments have burdened the economy and small business with complex, intrusive laws and regulations. In the early part of the last century, mechanisms were set up to disadvantage non-anglo racial groups and immigrants from participating in the economy as full-participants. Many of these mechanisms still persist despite huge strides in civil rights.
Immigrant communities in California have adopted an interesting array of free-market and community mechanisms to deal with and avoid these unfair rules and applications creating an under-current economy. What do some of these practices look like and what hidden effects do they have on society and business? How does understanding them help us understand the changing economic landscape? How might they evolve in a blockchain world?