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Steve Bosserman

Time Banking Within the Natural History of Debt « Volatility - 0 views

attempter.wordpress.com/...in-the-natural-history-of-debt

time_banking debt true_economy

shared by Steve Bosserman on 03 Feb 12 - No Cached
  • Steve Bosserman on 03 Feb 12
     
    Time banking is a formal framework for organizing the true economy (everything devalued by the money/debt system, including what's written off as the "informal economy") along the lines of reciprocal gifting of work. It's especially versatile for the exchange of services, but can be used for goods as well with a version of the labor measure of value. Goods can be valued according to the time that goes into manufacturing them.   This framework is enfolded within the concept of co-production, which is a transitional concept between capitalism and full economic democracy. Time banking as a framework and time dollars as a measure are part of this transition to such consciousness of economic community and freedom that we can dispense with formal measurement completely and restore the wholesome primal system of social credit which originally preceded money for tens of thousands of years.
Steve Bosserman

The Time Based Economy - Amar SINGH Kaleka - Medium - 1 views

medium.com/...e-great-atonement-f0b089f050de

time-based economy

shared by Steve Bosserman on 26 Jul 17 - No Cached
  • If it works, then why in the world are we not basing our whole economy on the finite construct of “time”? It would nearly be infallible, versus the legacy commodities model, which is full of holes and reject-able logic.A “time based economy” can be used with any nation state, group, or community based economics model. To make it simple, the value at the transaction would be time dollars in the form of a digital debit.
  • In the time based economy, each person enrolled, anywhere in the world would have an online account which is controlled by the debit card (not a citizenship card).
  • The time based economy primarily functions through the education, civics, and knowledge sector.
  • ...2 more annotations...
  • This new education model would then become the basis of the global economy, like the base of a pyramid. During these years, and throughout their education, each child would pay for their own education through “time dollars”.
  • It would become the first global economy which standardizes and binds the economic trade of all market forces, known and unknown, to the only universal equality on this planet: time.
Steve Bosserman

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

medium.com/...e-based-economics-faf1e482e11b

time-based economy

shared by Steve Bosserman on 10 Aug 17 - No Cached
  • 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

California Federation of Time Banks - 0 views

cafederationoftimebanks.org

time_banking california federation

shared by Steve Bosserman on 18 Feb 12 - No Cached
  • Steve Bosserman on 18 Feb 12
     
    The California Federation of Time Banks is a collaborative network committed to connecting, sharing information, and supporting the expansion of Time Banking in the state. From the largest cities to the smallest towns, we celebrate the many innovative ways time banking can address social issues and creatively fill the gaps by strengthening relationships in our neighborhoods. Based on the fundamental values of respect and reciprocity, we are a creative learning community that shares experiences, trades best practices and empowers each other to work for a healthy, sustainable future.
Steve Bosserman

Why we should all have a basic income | World Economic Forum - 0 views

www.weforum.org/...should-all-have-a-basic-income

universal basic income

shared by Steve Bosserman on 11 Mar 17 - No Cached
  • Possibly of more importance, what don’t you do
  • What’s incredibly expensive is not having basic income, and what really motivates people to work is, on one hand, not taking money away from them for working, and on the other hand, not actually about money at all.
  • The truth is that the costs of people having insufficient incomes are many and collectively massive. It burdens the healthcare system. It burdens the criminal justice system. It burdens the education system. It burdens would-be entrepreneurs, it burdens both productivity and consumer buying power and therefore entire economies. The total cost of all of these burdens well exceeds $1 trillion annually, and so the few hundred billion net additional cost of UBI pays for itself many times over. That’s the big-picture maths.
  • ...4 more annotations...
  • Thus basic income does not introduce a disincentive to work. It removes the existing disincentive to work that conditional welfare creates.
  • UBI has the potential to better match workers to jobs, dramatically increase engagement, and even transform jobs themselves through the power UBI provides to refuse them
  • In the US, 70% of workers are not engaged or actively disengaged, the cost of which is a productivity loss of around $500 billion per year. Poor engagement is even associated with a disinclination to donate money, volunteer or help others. It measurably erodes social cohesion.
  • Perhaps best of all, the automation of low-demand jobs becomes further incentivized through the rising of wages. The work that people refuse to do for less than a machine would cost to do it becomes a job for machines. And thanks to those replaced workers having a basic income, they aren’t just left standing in the cold in the job market’s ongoing game of musical chairs. They are instead better enabled to find new work, paid or unpaid, full-time or part-time, that works best for them.
Steve Bosserman

Welcome to the Community Exchange System - 0 views

www.community-exchange.org

community-exchange community_currency

shared by Steve Bosserman on 20 Jan 12 - Cached
  • Steve Bosserman on 20 Jan 12
     
    ith the impending implosion of the usury-based, global money system, now is the time to seek a new way of 'doing' money, one not based on debt and controlled by a global monetary elite who seem happy about destroying our planet in the pursuit of profit.
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