This podcast episode explores the concept of time banking for elderly care in Nanjing, China. Time banking allows individuals to exchange services with each other, saving their time in a "time bank" and redeeming it for assistance when needed. The establishment of an online platform in Nanjing offers a wide range of services for elderly individuals, providing efficient solutions and promoting a seamless experience and transparency. The conversation highlights the challenges and potential obstacles of trust, inflation, and reduced purchasing power of earned time credits. Despite these challenges, the time banking system shows promise in revolutionizing elderly care and providing fair retirement services at a low cost.
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