On a practical level, our time/bank is a platform where artists, curators, writers and other people in our field, can exchange time and skills—help each other get things done without using money. In a more idealistic way, the time/bank can become a place where certain types of actions and ideas, that seem to have no value in our market-driven society, can gain a sense of worth.
Through Time/Bank, we hope to create an immaterial currency and a parallel micro-economy for the cultural community, one that is not geographically bound, and that will create a sense of worth for many of the exchanges that already take place within our field—particularly those that do not produce commodities and often escape the structures that validate only certain forms of exchange as significant or profitable.
Julieta Aranda and Anton Vidokle