ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

What are the potential benefits of a new and fresh time based economy?

Updated on June 26, 2016

A time based economy would affect every community, for the better. Not only does it solve the current monetary inequity problem, it forestalls the sense of worthlessness currently far too abundant in the world today. Each person has worth. In every community that a time based economy has been implemented it has fostered camaraderie, harmony among age, racial, and religious groups. It creates a sense of financial independence and harmony among all income levels, even overcoming political adversity. It turns the improbable into the possible. The benefits are boundless, and tangible.

It has been said that one would have to go back to the Great Depression to find a similar dire drop in the U.S. Economy. And, as has been proven, the world's economy follows that of the U.S. We have an opportunity, across the world, to advance the human race with a time based economy.

After much research, it was found that people let money define what was considered possible. There is a standing belief that without it, nothing is possible, and money is in short supply, while the need for it grows exponentially. It is a system doomed to fail. Even as others try to create alternative currencies, the current monetary inequities stand.

A larger and larger portion of the world's population is aging, disabled, or both. Often these people are considered a burden and they fight an overwhelming sense of uselessness. When they are perfectly capable of contributing to their community. Perhaps not in a monetary sense, but with time, experience, knowledge and skill. All people are rich in experience, and all people are gifted with 24 hours in a day. In this manner timebanking can fill the uncounted necessities that people have been found to be lacking in the economy as it stands.

If one listens to the stories of our elders, those raised or functioning within the time of the Great Depression we see people helping people. Those that were unable to work in traditional jobs still fulfilled a necessary function within the community. Mending clothing, looking after the younger children, maintaining homes, grocery shopping, all for others. Every person in the community was vital to that communities survival. Timebanking is simply the continuation of this essential support economy.

Moving from a money based economy to a time based economy is an innovation that will propel our species forward. It is a fair economy designed to allow everyone to flourish. So far, timebanking has grown steadily in the shadows. Small groups that are filling in the gaps of necessity with the sustainability of timebanking. Proving time and again that what is possible is not limited by monetary greatness. The greatest “drain” on the economy becomes the greatest producers.

Unlike the current economy, there is no equivalency deficit with timebanking. Each person accrues one hour for one hour. In this way equalizing the economy. Those hours can then be saved or exchanged for services that are needed. Timebanking is an evolving market enabling everyone to be productive. Counting on those that society sometimes calls a burden to fill the needs otherwise left wanting.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)