The Pacifia Economic Network is based on Time, where one hour of work is worth one hour of human time and thus should be valued as such. Money is abandoned and notions of benefits, buying and selling are abandoned too. Instead of money, a personal economic information is used to regulate redistribution. My economic information consists of the time I’ve worked (producing something useful for another person) and the time that corresponds to what I’ve benefited from others. When I get something from someone, all the people who worked for that thing and only them will have their economic information increase proportionally to the time each has spent.
It removes injustices and exploitation but is not able yet to ensure ecological production nor the satisfaction of basic needs for all. It does promote collaborative productive projects and automation.