In my previous posting, Organizing Principles for a Time-Based Economy, I describe a money-based economy and a time-based economy, each based on very different organizing principles, yet functioning concurrently within the same social system. On the surface their unique principles and purposes may appear to render them mutually exclusive. However, the behaviors each elicits from members can form a healthy dialectic that benefits the shared social system. The resulting symbiosis (perhaps agonism) acts as a mitigating force to keep the social system between gross economic disparity on the one hand and profound personal discontent on the other.
The diagram below builds on diametrically opposed views of Maslow’s Hierarchy introduced in the post, Time Beyond Basic Needs Builds Human Capital, and adds the organizing principles for both economies:
In more evolved forms, each of the conjoined economies would wield comparable power within the same society, hence, same-sized circles of organizing principles on oppositional figures of Maslow’s Hierarchy. Despite the importance of each economy and the necessity of robust interactions between them, those activities in the time-based economy (pale colored organizing principles), are not as explicit nor recognized for their value like those in the money-based economy (dark-colored organizing principles). Furthermore, the sphere of operation for both has room to expand well-beyond the perimeter of the gray oval representing current reality.
These dynamics set in place twin goals moving forward:
- Legitimize time-based economy behaviors
- Expand symbiotic / synergistic coverage by both the time-based and money-based economies.
And it opens the door for localized, community-based structures to emerge that advance these goals.