OVO

“Time is money” is a rather common proverb generally heard as one explains why they are so wrapped up in their scheduling software or why they buy at wall-mart. To a degree this is a truism, in a capitalist economy time is money and money is the arbiter of all value. However the speaker of this proverb is rarely aware that if time is money and money is valuable then their time is valuable… even if they are not exchanging it for money. Time, not money, is the most valuable thing that anyone has. This is because it is a truly finite variable that so many other things depend upon. Instead people allow their schedules to rule their time telling them where they have to be when and what they have to do when they get there. It seems to me that people are exchanging a most precious commodity, their time to experience existence, for something much more common, little coloured rectangles of paper. Even after you have bought things with your coloured paper you still need your time to make use of the shiny things you have purchased. Its a cruel dynamic the more you work to make money to buy things the less time you have to enjoy the things you have been working for.

You trade your time for money and trade money for things. This is in some ways overly complicated and there are people who spend their time making those things that they want, cutting out all the middle men. The do-it-yourself movement is an example of this, as is subsistence level farming. Considering how wasteful consumer capitalism actually is, it is entirely possible to survive in a urban environment without engaging in wage labour. You can spend your time getting food by dumpstering. Food, of course, is far from the only thing thrown away while it is still usable.

Out of the discards of a wasteful culture you can pull the raw materials with which to construct objects of desire and engage in enjoyable activities. The simpler your needs are in terms of objects the more time you can spend on experiences, on living. Buckminster Fuller was an inventor who spent his time designing things to more efficiently meet the needs of people in order to free them up to live. He called this branch of technology livingry to put it in distinction to the other motor of innovation, weaponry.

Marx developed the Labour-time theory of value where the value of an object was determined by the amount of labour time that was put into its production. Of course this theory was partially a work of propaganda or myth-making to build up the claim of the workers to the rewards of the early capitalist economy but it still one of the better theories on what actually makes a commodity valuable. Perhaps another way of looking at this is that value is produced by the energy put into the object over time, Value as Kilowatt Hours. With the increasing mechanization of industrial production it is foreseeble that items will be stamped out that had so minimal an input by humans that they would be valueless in terms of labour. However, these objects will still take work in a physical sense to produce them. Whether this shift to inhuman production will be a liberatory experience for mankind or the creation of a destitute no-longer-working class is an open question as yet. In part the answer has been to push people into service and administrative roles but even these have begun to be mechanized with information technology such as recommendation systems and complicated telephony arrangements.

from OVO 18 MONEY (April 2008)

Edward Wilson is a freelance writer living in Vancouver, Canada; Portland, Oregon and Cyberspace. If not found writing in one of Vancouver’s coffee shops, Edward is likely drinking in one of Portland’s Bars. Edward, known online as Fenris23, specializes in rediscovering magical techniques in the fields of psychology and sociology. He is Co-Author of The Art of Memetics with Wes Unruh and his next project will be space/ time/ punctuation, an exploration of the experience of space and time.
http://fenris23.wordpress.com
fenris23@gmail.com