Timebanks: Everyone Has Something to Contribute

April 7, 2014 at 10:39 am Leave a comment

The basic idea is this: I spend an hour helping my teenage neighbor, Joe, edit something; I can then use that hour, or Time Dollar, to request plumbing services from another Time Bank member, Sam; Sam then has one Time Dollar to spend, which he could use by receiving Spanish lessons from Martha. And so on.

How do you explain time banking to someone who has never heard of it? Time banking is simply a currency that people earn by helping each other and spend to get help for themselves. The key factor is that all hours are equal regardless of the market value of what you do. Teaching a third grader is equivalent to any legal help that I give.

What do you hope time banking will achieve?
I hope that we’re going to be able to reweave communities. There is that saying “it takes a village to raise a child,” but what does it take to create and sustain a village where everybody lives as strangers? In time banking, every transaction is the beginning of a relationship, which then becomes part of larger social networks. Basically, what we’ve done is use technology to radically shorten the time it takes to create trust between people.

More on the origin of Timebanks HERE>>

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Entry filed under: Community, Economy.

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