Crom Time Bank

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Crash's picture
Crash
Status: Silver Member (Offline)
Joined: Nov 26 2008
Posts: 171
Crom Time Bank

Hi there,

 

My partner found this the other day and I've had a look - it looks interesting, also a very good list of movies to watch online which I'll post in a seperate forum so people can find it.

 

http://cromalternativemoney.org/

 

Has anybody else come across these guys before?

 

hugs

 

Crash 

Crash's picture
Crash
Status: Silver Member (Offline)
Joined: Nov 26 2008
Posts: 171
Re: Crom Time Bank

This is the first blurb off their site, so you know what its about:

 

Welcome to Crom
Alternative Multi-Currency Payment System


Crom is a rare and concrete global solution which offers a sustainable
way of life, including social justice, democracy and free market
principles.

Primitive man had no difficulty in feeling respect for nature.
We are trying to make possible the impossible:

Creation of free, civilizated and modern society without destroying our planet.

Feel free to use any currency of your choice: Euro and Dollar as official, and Crom as an alternative currency.

If you wish to change the world, enjoy our independent system.

FNKRoue's picture
FNKRoue
Status: Bronze Member (Offline)
Joined: Oct 4 2008
Posts: 36
Re: Crom Time Bank

I don't get it.

 

Your time would be your currency.  And in order for this to differ from any other currency all time would have to be valued equal.  Which means I would have no vested interest in spending 4 years of my time for an education to get the same return on my time in exchange.  And without capitalism to determine a variance in value you would need a central government across all governments to enforce a specified relationship between buyer time and seller time.  Returning to socialism as the statement opposes.

For example, I am working to be a mechanical engineer.  And I would let's say in 8 hours of work be able to review and revise a schematic for a complex machine.  In 8 hours of work a farmer maintains his field for 1 day.   At the end of say 90 days I have reviewed and revised 90 machines.  The farmer has produced 1 crop of say 10,000 produce.  So the effort to review 1 machine is equivalent to 100 produce?

And what about the difference that one produce which requires the same amount of time has on resource consumption.  Some things like corn are more soil hard for the land?

The only alternative currency I saw which had some interesting chance was "The Venus Project"

http://www.thevenusproject.com/resource_eco.htm

 

Where technology is in harmony with human effort and the sole purpose of all people is to be as broadly and wisely educated not specialised so as to propell human kind through culture and ingenuity instead of role and class based social mechanisms.   That itself is a huge leap to embrace, but at least it solves the conundrum of technologies effeciency being against human purpose, and that ultimately we will innovate ourselves out of our own jobs.  So everyone's job needs to be innovation :) 

pleaseremoveme's picture
pleaseremoveme
Status: Silver Member (Offline)
Joined: Jan 24 2009
Posts: 115
Re: Crom Time Bank

It's the same thing you hear everywhere about alternative currencies: the old system is bad, our new system is good... plus at best a flawed explaination as to why these are supposed to be the case. I like complementary currencies, because they offer an opportunity for scientific research, and maybe lead to insights that help us improve the general economic system. But I wished that the people who ran these projects were less blind.

Crash's picture
Crash
Status: Silver Member (Offline)
Joined: Nov 26 2008
Posts: 171
Re: Crom Time Bank
FNKRoue wrote:

I don't get it.

 

Hi there,

 

I'm not sure I really understand Crom either. they have a very large website which doesn't really manage to explain what they are up to very succinctly, and also, they have about 5 members as far as I can see.

Quote:

I would have no vested interest in spending 4 years of my time for an education to get the same return on my time in exchange.

 

My vision is always that people get paid to go to college at the going rate (everyone pretty much earning the same with room for some variations) So you would go to college to learn because you are interested in something and that somethingis being taught because it is useful to society for people to know that stuff, so society pays people to learn it. So there are many incentives there for going to college without the need for the expectation of higher wages when you graduate.

Quote:

And without capitalism to determine a variance in value you would
need a central government across all governments to enforce a specified
relationship between buyer time and seller time. Returning to socialism
as the statement opposes.For example, I am working to be a
mechanical engineer. And I would let's say in 8 hours of work be able
to review and revise a schematic for a complex machine. In 8 hours of
work a farmer maintains his field for 1 day. At the end of say 90 days
I have reviewed and revised 90 machines. The farmer has produced 1 crop
of say 10,000 produce. So the effort to review 1 machine is equivalent
to 100 produce?And what about the difference that one produce
which requires the same amount of time has on resource consumption.
Some things like corn are more soil hard for the land?

 

I completely agree that time-based currencies have their drawbacks and complications, but the maths you did there would be viable so that you would end up buying 10 (approx) produce with one hour. That sounds fairly reasonable, I work half an hour for 5 apples.

Quote:

The only alternative currency I saw which had some interesting chance was "The Venus Project"

 

I like what I've seen of Venus, but I haven't found where they talk about the decision-making process, or is that done by machines as well so we don't have to think?

 

hugs

 

Crash

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