beautiful question project by: victoria salako. the question could today’s society be able to...
Post on 29-Dec-2015
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THE QUESTION
Could today’s society be able to live
in a bartering society
Meaning could they do away with the
exchange of the currency as a whole
WHAT IS BARTERING?
By definition bartering is a medium of
exchange that results in the exchange
of goods for service and vice versa
HOW DOES BARTERING WORK?
All these actions would need to take
place without the exchange of money.
As long as goods and services are being
exchanged it is considered a form of
bartering
HOW DOES BARTERING WORK?(CONT)
Swap meet gathering of people in a
common location where they exchange
items they no longer need or to just
exchange for general purposes. Ex:
Clothes, Jewelry, Tool etc.
SERVICE EXCHANGE
This would be where people who are
proficient in certain tasks offer services to
each other at no cost
Ex: Planting a garden for your neighbor
and getting a homemade blanket in return
SMALL BUSINESS EXCHANGE
When small businesses give free
services to each other in order to cut back
on the budget
Ex: Clothing store gives free clothes to
electrician for fixing electrical shortage
ONLINE BARTERING
Finding a barter hosting site ,
creating a profile and putting up a post
describing your item, service, or goods.
After that you would wait for someone
who needs what you posted to respond
An online bartering website
Open to public mainly used for
bartering of clothes, furniture,
electronics,etc
Easy registration process open to
almost anybody
Does not assume responsibility for
items traded ,trade at your own risk
policy
Was unable to get a willing
interview subject
Private only accessible to Seattle
population
Restricted mainly edible foods like
egg, herbs, and spices, milk etc
Limited registration
All potential members must be
reviewed before acceptance
Small community type org
They tremendously care about
quality & accuracy of product being
exchanged
FREECYCLE.ORG VS BACKYARDBARTERING.ORG
Freecycle BackyardBartering
LIFE BELOW ZERO: HUNT, BARTER, & STEAL
Is a short documentary I stumbled upon while watching
TV. It is about Chip Hailstone & how his family survive in
Alaska
They barter for bread, ammunition, and any other major
things they need
Chip is a hunter & his wife is a home butcher
This documentary shows that bartering succeeds in times
of desperation where there is no other alternative
Follow this link below to watch a short clip of the
documentary
http://tvblogs.nationalgeographic.com/2013/05/25/life-bel
ow-zero-hunt-barter-and-steal/
DOCUMENTARY
Here is another long documentary about America's
use of money
http://www.youtube.com/watch?v=TwmM5Nb6hiE
#at=429
INTERVIEW
Name: Professor Mead
Job Title: Professor of Economics
Q1: In your own opinion do you believe bartering is
sufficient replacement for use of currency exchange?
Answer: Absolutely not. He then compared it to
replacing cars with horse drawn carriages
INTERVIEW(CONT)
He explained that bartering would be us reversing
the progress that we had made
Follow Up Q: So do you believe that bartering
would hurt or help the economy?
Answer: Definitely hurt it, it would decimate the
whole economic system
INTERVIEW(CONT)
Where is the current state of the economy?
Answer: Depends on where you are. If you are at
the top its never been better. If you talking about the
U.S. its declining. The rich countries of the world
have declined they are at the worse state they have
ever been. As a result China is benefiting
unemployment in Greece is 50%$ for teens. We are
basically in another Depression. He called it “the
second guillded age”
INTERVIEW(CONT)
Q3: Do you believe this current state relates to the use of currency?
Answer: No, the amount of the money in rotation makes a big
difference in the economy. Let me put it to you like this Ben Bernecky,
chairman of the Federal Reserve decided to print less money. The stock
tanked as a result. He then chose to just print the amount we as
Americans needed and the stock went higher. See the amount of money
in rotation makes a huge difference. These problems our economy has
can not be traced back to the use of money. For example the mid 90s
one of the best times the U.S. has seen money was being exchanged
INTERVIEW(CONT)
Q4: Is there any possible way bartering could work in your
opinion?
Answer: Well I have not heard of much but, I do believe that
computers have made it easier. Say we did not have that ype of
technology and an accountant needed a plumber. It would be
hard tro find a plumber who would need an accountant through
word of mouth. Computer’s make it easier for them to directly
find what they need. Although the downfall would be that the IRS
would have a problem with it due to the avoidance of paying taxes
MY EXPERIENCEAfter my interviewing Professor Mead, he made me feel as though
all the information I had gathered prior on was unable to work. I
then decided that I wanted to test my question out by myself. To do
so I extended my services onto close friend of mine for no charge.
My skill is in make up artistry and my friend is a fashion designer.
She told me that her and her aunt were going to host a fashion show
and she could not find make up artists. I saw this as a perfect
opportunity to barter. I told her I would do it for free as long as I
received pictures from the show. Show day came and I kept my end
of the bargin. My friend tried her best to do the same but it did not
work out. Her photographer never burned her a CD of the pictures
and we both had nothing to show for our hard work but memories
MY EXPERIENCE
Unfortunately that lead me to the conclusion that bartering is not a
better alternate for the exchange of money. I was left regretting my
decision because I used up my products, wasted my time, and had
nothing to show potential clients. Also since I did not get to interview
actual dedicated barters I do not know if those websites I found are as
credible as they seem. To answer my Beautiful Question I would have
to say that bartering is the only showed to be most successful in
situations where there are no other alternatives, in reference to the
documentary on the Life below zero: Hunt, barter, & steal
BIBLIOGRAPHY
"Backyard Barter - Sharing Food. Growing Community." Backyard
Barter - Sharing Food. Growing Community. Backyard Barter
Organization, 2013. Web. 22 July 2013. <http://backyardbarter.org/>.
Beal, Deron. "The Freecycle Network." Www.freecycle.org. The
Freecycle Network, 1 May 2003. Web. 22 July 2013.
<http://www.freecycle.org/>.
"Life Below Zero: Hunt, Barter, and Steal." Nat Geo TV Blogs. National
Geographics, 25 May 2013. Web. 22 July 2013.
<http://tvblogs.nationalgeographic.com/2013/05/25/life-below-zero-hunt-
barter-and-steal/>.
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