Care and Share Time Bank

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.

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.

I really wanted to find out whether, if everyone did exactly what they wanted to do, would all the necessary work get done? And I guessed, yes it would, and lots of beautiful ‘unnecessary’ work too, and probably with much greater quality and care. And now I hope MANs help us test that out!