Importance Of Time Banking

I can still remember when I first learned about the concept of bartering. It was in fourth grade and my class was being taught how early societies used a system of trading goods or labor as kind of money. A farmer who had his own cows could give milk to a doctor in exchange for some medicine. In fact, this manner of give and take was used during prehistoric times when hunter-gatherers roamed America. Tribes from one area where, for example, salt and bison were bountiful might trade those goods with another tribe who had plenty of corn and cotton to give away. This part of history really captured my attention when I was younger and I still find the idea intriguing. I think this concept is brilliant and makes more sense to me than the similar …show more content…
Second, time banking enables a community to gauge its social capacity and to mobilize its resources to fill unmet social needs. Third, time banking provides large-scale social welfare systems with a framework for engaging the recipients of services as active collaborators in achieving outcomes. The use of time banking changes the way people value their hours and minutes and reintroduces the importance of community. Other companies were formed through the advancement of technology and make connections between people. Businesses such as Uber, Airbnb, and SwapTree have made it easier to share products and services with strangers rather than buy them from traditional companies. Uber is a business that you can use an alternative to a taxicab. To use this service, you must download the app on your phone. Once you are on the app, make your location known and nearby Uber cars that are not being occupied will appear on your screen; pick one of the options and click on it to notify the driver. Shortly your chauffeur should arrive, and you are on your way to your next …show more content…
With this model, one can go online and look for something they are looking for or wanting. Things such as books, movies, toys, and household items are featured on SwapTree. For no money at all or a small amount you can get the item you want. If you own something that you no longer use, you can upload the information of the item to the online website and someone else will gladly take the burden off of your hands. Clive Thompson, writer of the article “Other People’s Property,” describes this interaction by stating that, “a new relationship to property where access trumps ownership [is formed].” This interaction is better than throwing away things that you no longer use; someone out in the world will take something of yours because it has meaning to them. The old saying, “One man’s trash is another man’s treasure” is the basic concept of Swaptree and tells how something of no value to one person can have worth and a purpose to another