Capitalizing time: an imperfect society
The portrait of an imperfect society where "time is the source of power" in the movie "In Time", since this is a resource whose value is equivalent to life itself. This essay emphasizes the importance of time as one of our main resources that humanity has, time has a cost that must be paid. At the beginning of this essay, the management of the time interest rate will be mentioned, then the opportunity cost that is assumed in different scenarios, then, there is talk about the financial system that prevails in the society of the film “In time”and finally on the present value and future value of time as a resource.
In the movie "In Time", a complete and complex system can be clearly evidence. Let us remember that in the case of “in time” this rate would be the price of time, determined by factors such as inflation (effect caused on purpose to avoid “overpopulation”) and risk (determined by system stability). Now, if there were a greater time empowerment, the rate would be low;However, the scenario is opposite in the reality of this film since time is scarce (day by day) is lived so the interest rate rises;reaching impressive 37% peaks (with a tendency to raise the system chaos). To understand the interest rate well, let’s position ourselves in this situation during the film, when a person goes to the time bank to request a month (30 days) of loan, the collaborator mentions that the interest rate is 30% monthly, equivalent to 9 days of interest added to the capital to be paid, making an amount hardly payable for a person living day to day.
"Time is gold", a literal concept in "in time", where the opportunity cost would be life time;because as goods and/or services are acquired, it is renounced, equivalent to hours and even years depending on the social class to which it belonged. Many allegorical examples were evidenced in the development of the film, such is the case of the scene where the protagonist’s mother had two options to transport: the first was a taxi and the second was a bus;However, by losing both opportunities due to a relatively prolonged decision time, she cost her own life (she exhausted her – time )’s main resource).
"In time" is characterized by a Darwinian capitalist financial system, where class inequality prevails, because "to be immortal, many must die", an unusual act ethical. Thus, the working class (inhabitants with an extremely limited life time), work to survive "day by day", receiving a poor salary of 2 hours per working day, thus affecting a massive exploitation (another big ethical problem),fact that only favors the peak of the pyramid – the elite class of the Greenwich hourly zone. Let us remember that Darwinian doctrine is based on the survival of the most powerful in a supposedly "positive" evolutionary system, however, this evolution is due to "depredation", using the most vulnerable classes. As the film progresses, a notorious interest is evidenced by the protagonists (Silvia and Will) to maintain “an equal resource – time”, which causes an imbalance of a system that is already notoriously imperfect that brings mass chaos;However, they contemplated him as "only option" since even the guardians of time (characters that took care of the appropriate distribution of time) showed corrupt behavior, because in many cases they ignored criminal acts such as time traffic, endorsingIn the idea that you could only steal those of the same social status to maintain "balance".
The present value of the time in "In time", where time is the currency of exchange with which all classes have, starts with a fixed value of 25 years and with an additional year that must be capitalized in a wise way (management of the management of theweather). In such a way that this year (present value) can reach a greater future value than the current one through investment in an entrepreneurship or working;However, the overvaluation of many goods/services led to the fact that "almost everything won is spent" in a society that lived "day by day", thus reducing the future value of time. Now, remember that, to finally measure the creation and destruction of value, a value creation index (ICV) that can bring a positive result (value creation) or negative (value destruction) is used (value destruction). Let us remember that: "destroying value will always be easier than creating it".
To conclude this essay, an equivalence is made with our society, after that we can show that we are not very far from this futuristic reality, because although it is true, our system is governed under monetary resources, it is also true that when acquiring a good and/or service we are not only exchanging money for it, but also part of our time when acquiring it, time is an exhaustible and non -renewable resource so that an adequate management brings with it the success or failure in our life. The important thing in a system like ours is not where you are born, but what you do with the resources given (time and money).
Leave feedback