Bank of Care is an alternative banking system that’s based on the unpaid care labour in the domestic sphere. It accumulates records of the ongoing, most basic human economy that maintains our wellbeing. And simultaneously finds ways to support its members, financially.
Bank of Care (BoC) works within the paradigm that the women-run non-market production in households is the basic human economy from which other economies derive. Despite being absolutely vital to the functioning of society, this economy is swept under the carpet as if it doesn’t exist.
BoC counteracts this fact in a three-step loop which records caregiving, translates it into readable data, and rewards caregivers.
Members are asked to record their chores. They get a detailed overview of their free labour in the form of cumulative statistics. They create mounting evidence that this productivity exists.
As a community, BoC seeks to empower women as the producers of welfare through the implementation of basic income. The view on UBI as “money for nothing” is invalidated when we consider the commitment, resources, and time spent on care responsibilities.
BoC is an ongoing research that explores how recognising the non-monetary female economy is the most promising pathway into next stage world economics. Events this year reminded us how vulnerable the market economy is. Once market solutions fail, our households are wholly dependent on the unpaid skilled work of women and girls.