It was used a lot in South American cities, at some point during the economic crisis of 2008. In practice it was working like this: people would declare in a sort of ledger what they can do and for how many hours, as well as what they needed and for how many hours. Everybody’s time was equaly valuable, no matter what they did.
It was going so well that they tried to accomodate stuff that would not fit in the time category, like renting a house. So they printed some sort of “contracts”/“money”. Government and mafia, printed counterfit and the project never recovered since.
(It’s been quite some time since I looked into this topic, so if I don’t remember something accurately, please let me know)
Time banks have always sounded cool to me on the surface, maybe as a way to organize volunteering, but when it comes to it being a full replacement for money… I’m extremely disabled and have been since I was a child. I can do work (of any kind) for maybe an hour a day if I’m having some really good days. Where does someone like me fit into the system? Do I just… die?
This reminded me of time-banks.
It was used a lot in South American cities, at some point during the economic crisis of 2008. In practice it was working like this: people would declare in a sort of ledger what they can do and for how many hours, as well as what they needed and for how many hours. Everybody’s time was equaly valuable, no matter what they did.
It was going so well that they tried to accomodate stuff that would not fit in the time category, like renting a house. So they printed some sort of “contracts”/“money”. Government and mafia, printed counterfit and the project never recovered since.
(It’s been quite some time since I looked into this topic, so if I don’t remember something accurately, please let me know)
Time banks have always sounded cool to me on the surface, maybe as a way to organize volunteering, but when it comes to it being a full replacement for money… I’m extremely disabled and have been since I was a child. I can do work (of any kind) for maybe an hour a day if I’m having some really good days. Where does someone like me fit into the system? Do I just… die?
There’s many interesting examples linked on that wiki page, especially the Cincinnati Time Store (1827–1830).