economies of time_catalysts for change zone of future innovtion
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© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B© 2013 Institute for the Future. All rights reserved. SR-1563B
March 2013
Foresight Engine Game Analysis:
25 Zones of Future Innovation
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
A project by Institute for the Future and The Rockefeller Foundationwww.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation
Contact: Tessa Finlev, [email protected]
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
13 | Economies of Time
2
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
As instability continues to plague the world
economy, both corporate structures and
traditional salaried jobs will be impacted.
Individuals, communities, and nations alike will
be forced to reevaluate the accepted
definitions of productivity and value. For those
without salaried jobs, time tracking, time
management, and the concept of “time is
money” will take on new urgency. As newly
integrated workers turn to contract and micro-
work for their living, timesaving devices will be
pervasive. Outside the currency-based world,
communities will formalize long-practiced
activities of sharing resources and time by
developing time-banking systems in order to
highlight the value of truly shared economies.
This value shift will be reflected in the
corporations and employers that remain—with
sustainable growth and community outreach
rewarded. 3
13 | Economies of Time | Future Innovation
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
The desire to revalue prosperity was very apparent throughout Catalysts for
Change game play.
Players suggested an abundance of ways in which we can revalue prosperity and
resilience by moving away from access to money and toward access to time and
human capital. Ideas included time-saving devices, time equity banks, new
currency systems based on exchange of services, and skills-bartering systems.
4
13 | Economies of Time | From the Players
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 5
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia**
13 | Economies of Time | Micro-forecasts from the Game
*Cards have been lightly edited for readability.**Player location was self selected.
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 6
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
13 | Economies of Time | Micro-forecasts from the Game
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 7
13 | Economies of Time | Micro-forecasts from the Game
Nigeria
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 8
13 | Economies of Time | Micro-forecasts from the Game
USA
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 9
13 | Economies of Time | Micro-forecasts from the Game
Ghana
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 10
13 | Economies of Time | Micro-forecasts from the Game
Nigeria
Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Ghana
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 11
13 | Economies of Time | Micro-forecasts from the Game
USA
Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Ghana
Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?
Nigeria
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 12
13 | Economies of Time | Micro-forecasts from the Game
South Africa
Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Ghana
Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.
USA
Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?
Nigeria
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 13
13 | Economies of Time | Micro-forecasts from the Game
USA
One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Ghana
Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.
USA
Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?
Nigeria
Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury
South Africa
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 14
13 | Economies of Time | Micro-forecasts from the Game
Currency systems to allow people to pay with their time: start with income tax payments - do volunteer work 2 pay of your tax*
Australia
Access to time-saving devices for daily use that are built out of locally avaliable parts. Grain processing = many hours of women's time.
USA
Companies contributing 4hours of each employees time to enable young students connect the dots between knowledge and skills for work
Nigeria
Community farms with time-tithe contributions. Each member donates every 10th day to work the farm. Spends free time on a trade/innovation.
USA
Create a skills exchange barter system so that people can trade skills. So a tailor can train the child of a carpenter and vice-versa
Ghana
Develop “Time Equity" banks where citizens invest time (labor) on local infrastructure projects in exchange for community services.
USA
Back to the future: can we bring the gift economy, on it's own terms, up to the level to which we've driven the exchange economy so far?
Nigeria
Ties into thinking about debt-free money systems (store of value and medium of exchange only) so perhaps the core idea is fighting usury
South Africa
One more thought... this could be like a Kiva model, but instead of donating just $, folks can add their human capital to the mix
USA
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
Signals from the Present
15
13 | Economies of Time
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B 16
Recipco is a “capacity exchange” organization that allows international trade to happen without the exchange of money.
Bank Vremeni
Spurred by the financial crisis of 2008, Bank Vremeni of Ukraine is a time-banking regional exchange system with nearly 50 branches throughout the country.
13 | Economies of Time | Signals from the Present
Recipco
Image Source: www.bankvremeni.org
Image Source: www.recipco.com/application.asp?x=1§ion=j&sub_section=a
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B© 2013 Institute for the Future. All rights reserved. SR-1563B
March 2013
Foresight Engine Game Analysis:
25 Zones of Future Innovation
© 2013 Institute for the Future for Rockefeller Foundation. All rights reserved. SR-1563B
A project by Institute for the Future and The Rockefeller Foundationwww.iftf.org/our-work/global-landscape/catalysts-for-change/catalysts-zones-of-innovation
Contact: Tessa Finlev, [email protected]