Flippanarchy

Anyone who thinks about it for a second longer than it takes to read it will see the problem - this rules completely devalue skilled work. An hour of sweeping the floor is valued the same as hour-long operation on sick patient. Except cost of becoming a doctor is countless hours paid to teachers, professors etc. while cost of becoming a cleaner is just a broom. Rewards is the same, so why bother? Why take risky job or something that requires upstart investment? In fact you would need to work years as a menial worker before you afford learning any skilled job... unless we add loans but with loans we explain why there are billionaires "I never did 10 000 hours of work, but I loaned my hours with interest"

Also - anyone who does farming will most likely notice that a daily intake of food necessary to survival will probably cost you a week of work or so...

I'm all for treating everyone fairly, but this idea is the kinda shit that starts dystopias.

This is just capitalism with extra steps.

The problem is that in 1 hour some people would do basically nothing and other people would do a ton. So the compensation's not really fair. Isn't 1 hour of a brain surgeon's time work more than a guy spinning a pizza shop sign.

Anyone who needs, currently have a LaborToken backed by blockchain available freely for use.

I think it all comes down to arguments over what "freedom" means, and which definition creates the most actual freedom for the most people. Ideas like OP's hours analogy only work if they're backed up by force, because in many cases people are willing to trade tons of hours for something that only took one hour to make. To stop exchanges like that from developing into markets, the system would have to ban that kind of trading and enforce it with violence. Anything truly scarce would require an equitable allocation system, creating the opportunity and motivation (and therefore the certainty) of corruption, eventually forming an elite class who get first dibs on scarce things.

That doesn't condemn the idea though, because elite classes exist in every system, including capitalism. So it's not a binary situation, it's one of degree. At this point centrally managed economies like socialism and communism don't have nearly as long a history as capitalism, so the failure of the world's very few instances is hardly a basis to condemn the concept.

"The problem with capitalism is that there's billionaires who steal too much labor, and everything would be fixed if correct policy was put into place that turned everyone into a small business owner"

didn't know we're simping for Mussolini here

1 hour of unskilled labor* The labor value produced by an average person without special training in 1 hour.