In the wake of the global financial crisis, banking scandals and government bailouts have made countless news headlines around the world. With such large sums of taxpayer money being funneled to the troubled financial sector, ordinary individuals are left to wonder how it will affect their own lives. But how can an entire country rise up and make their voices heard when it is nearly impossible to understand the magnitude of such an injustice? In Austria, a group of innovative students from the Technical University of Vienna set out to answer this question and have taken to a new form of protest in order to make the consequences of one Europe’s largest financial scandals in recent history a tangible reality. To demonstrate the €19 billion price tag of Austria’s recent bailout of Hypo-Alpe-Adria, students designed and built a scale model of a fictional city called “Hypotopia,” a portmanteau of the bank's name and "utopia." According to Lukas Zeilbauer, “while utopia stands for an ideal fictitious world, ‘hypo’ is a Greek word meaning under, beneath or bellow - so a change coming from the bottom, from the folk.” Embodying an idealistic society with plentiful renewable resources and public education for people of all ages, the model city would theoretically contain 102,574 inhabitants, making it the sixth largest city in Austria.
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