[supercommierussian]

Time Banking is the reciprocal service exchange which uses units of time as currency and is an example of an alternative economic system. A Time Bank, also known as a Service Exchange, is a community which practices time banking. The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a Time Dollar in the U.S. and a Time Credit in the U.K. Time Banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly--work usually done on a volunteer basis--which a pure market system devalues.

For example
- Cleaning and repair of buildings, facilities, areas
- Educational assistance (rehearsal, counseling, coaching)
- Babysitting and a social worker

In principle, nothing much wrong with this it does idea,only if the Americans did not take long the outdated model. Already in 1977 the USSR was created the first "bank time" production type in the bakery of the city of Kohtla-Jarve (Estonia), where employees have used flexible working hours.

I would have shared my time, but unfortunately I do not have sufficient skills. I can dig a hole. Just who the fuck needs it?

No taxes, no government. Socialism. Why we had to kill all of these Vietnamese?

[OmegaZero_Alpha]

Are you implying that people don't get payed for babysitting, in-home nursing, or being a coach or drama teacher?

Because that is pretty retarded.

[Agro]

I think the idea is to, within the boundries of one community, share skills in a way that allows people with differing incomes access to each other's skills without directly benfitting one another. For example, in a community of 4 people; Adam, Brian, Carol and Dick (A,B,C and D), A could give one hour of accountancy to B, B give one hour of swimming instruction to C, C looks after D's kids for an hour and D mows A's lawn.

In that example, A would have expected from his hour of work to be able to pay D to mow his lawn and have money left over but D may not have made enough money to pay C. With a Skill/hour based community ecconomy it is recognised that each persons skill, is as immoptant as another and the community as a whole grows without a percentage having to be payed in tax to the government.

It's a communistic view and doesn't work very well when it comes to individuals purchasing items that are not available inside the group, such as computers, but can work quite well as a complimentary pay/work system.

[Rostov]

Hmmmph. I thought legal tender was supposed to do away with the vagaries of the barter system.

[supercommierussian]

I think the idea is to, within the boundries of one community, share skills in a way that allows people with differing incomes access to each other's skills without directly benfitting one another. For example, in a community of 4 people; Adam, Brian, Carol and Dick (A,B,C and D), A could give one hour of accountancy to B, B give one hour of swimming instruction to C, C looks after D's kids for an hour and D mows A's lawn.

In that example, A would have expected from his hour of work to be able to pay D to mow his lawn and have money left over but D may not have made enough money to pay C. With a Skill/hour based community ecconomy it is recognised that each persons skill, is as immoptant as another and the community as a whole grows without a percentage having to be payed in tax to the government.

It's a communistic view and doesn't work very well when it comes to individuals purchasing items that are not available inside the group, such as computers, but can work quite well as a complimentary pay/work system.

OK. I agree. This formula might not work in the capitalists countries like yours. However, it does work in here.