Time-Based Currency by Robert Owen | DECODED #4

From the creator

Curator Ben Alsop explores a different kind of economic world, where wages and prices are measured in hours instead of units of precious metal. The idea came from Robert Owen, one of the founders of utopian socialism and the cooperative movement. He's achievements included development of cooperatives and the trade union movement and supporting the passage of child labour laws and free co-educational schools. His principles were radical for the time, and many of his achievements are things we still depend on today. Sadly, because humans will always find a way to cheat a system, his time-based currency is not one of those achievements. #DECODED #SOCIALISM #CURRENCY

Published 2020-04-20 · Watch on YouTube ↗
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