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Steve Bosserman

A Call for Time-based Economics - Marijam Did - Medium - 1 views

  • The only thing that still holds us equal as humans is our available time to spend in this world — money can’t really buy that. There is a day / night cycle, we all need 8 hours of sleep etc, there cannot be a dramatic contrast between how much one person engages with certain products over the next person. Surely then, our economy should be based precisely on that.
  • In this model, statistics of usage would be recorded, money owed for electricity gets calculated in proportion as to what gadgets were used and therefore how much of it goes to the maker. Within certain devices there could be fractional sub-charges for the software used in them that would go straight to the developers and so on.

    For any individual, this allows them to find the perfect equilibrium in their working vs. leisure/care time as the more they work the less time/capital they have to spend for certain items and the other way around.

Steve Bosserman

Are We Headed For 'Automated Luxury Communism'? - 0 views

  • This is the theory of ‘Fully Automated Luxury Communism’, an idea and ideology that in the (near) future, machines could provide for all our basic needs, and humans would be required to do very minimal work — perhaps as little as 10–12 hours a week — on quality control and similar oversight, to ensure luxury for everyone.
  • The trick, however, is subordinating the technology to global human needs rather than profits.
  • Putting modern technology to work for the people is an excellent goal, and democratizing the advantages of our advances is already happening.  It is a worthy cause to bring governments and nonprofit organizations onto the same technological footing as for-profit companies could result in huge strides towards improving living conditions, decreasing crime, ending poverty and other problems.
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