Quote:
Originally Posted by Giggleton
No not today's society, tomorrows society. Timebanks |
That's nothing new, and it is certainly not the way economics will work in the future. People have been bartering labor for ages. I have seen certificates from decades ago which promised a certain amount of labor to the bearer.
These have very limited utility. The person's labor might be of no use to the bearer of the certificate. The barber's labor is of no use to a bald man. The certificate is of no use if you the bearer isn't near the laborer. If we live in the same town, the bearer might be able to exchange the certificate for labor, but if the certificate is from a laborer in Denver, it is of no use to someone in Chicago. Unless the bearer knows the laborer quite well, the bearer doesn't know the value of the bearer's labor, so there's no way to tell the value of the certificate. And finally, the laborer has a limited lifespan, and so does any potential value the certificate has, it declines in value with each passing moment.
What's next, wooden nickels?