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I drink your milkshake! a metaphor for capitalism
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<blockquote data-quote="rickyb" data-source="post: 3745569" data-attributes="member: 56035"><p>americans practiced a different socialist kind of economics in the 1930s. 1.3 million americans did it.</p><p></p><p><a href="https://www.yesmagazine.org/issues/5000-years-of-empire/what-history-books-left-out-about-depression-era-co-ops-20180914" target="_blank">What History Books Left Out About Depression Era Co-ops</a></p><p></p><p>It all worked on a time-credit system. Each hour worked earned a hundred points; there was no hierarchy of skills, and all work paid the same. Members could use credits to buy food and other items at the commissary—medical and dental services, haircuts, and more. A council of some 45 coordinators met regularly to solve problems and discuss opportunities.</p><p></p><p>One coordinator might report that a saw needed a new motor. Another knew of a motor, but the owner wanted a piano in return. A third member knew of a piano that was available. And on and on. It was an amalgam of enterprise and cooperation—the flexibility and hustle of the market, but without the encoded greed of the corporation or the stifling bureaucracy of the state. The economics texts don’t really have a name for it. The members called it a “reciprocal economy.”</p></blockquote><p></p>
[QUOTE="rickyb, post: 3745569, member: 56035"] americans practiced a different socialist kind of economics in the 1930s. 1.3 million americans did it. [URL="https://www.yesmagazine.org/issues/5000-years-of-empire/what-history-books-left-out-about-depression-era-co-ops-20180914"]What History Books Left Out About Depression Era Co-ops[/URL] It all worked on a time-credit system. Each hour worked earned a hundred points; there was no hierarchy of skills, and all work paid the same. Members could use credits to buy food and other items at the commissary—medical and dental services, haircuts, and more. A council of some 45 coordinators met regularly to solve problems and discuss opportunities. One coordinator might report that a saw needed a new motor. Another knew of a motor, but the owner wanted a piano in return. A third member knew of a piano that was available. And on and on. It was an amalgam of enterprise and cooperation—the flexibility and hustle of the market, but without the encoded greed of the corporation or the stifling bureaucracy of the state. The economics texts don’t really have a name for it. The members called it a “reciprocal economy.” [/QUOTE]
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I drink your milkshake! a metaphor for capitalism
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