Update 2009.May.01: Russia Today used a phrase "Human Capital" in a news headline, yesterday and today. Today I realized it was a good term to describe the "labor funds" that will be exchanged in this barter system, as opposed to traditional "capital" exchanged under traditional market systems, and also somewhat different from direct exchange of goods under ancient barter systems. NewEco will use a contract-bidding system based directly on labor-time as the standard unit of exchange, rather than using some arbitrary separate standard unit of exchange (as in market systems), or lacking any standard unit of exchange (as in ancient barter systems). I don't like the phrase "Human Capitalism" to describe my proposed system, because it's too likely to be misunderstood as a minor variant of current capitalism. Perhaps something like "Laboralism" would be a suitable new term, sounding vaguely like "Liberalism" but with a clearly different second letter "a" instead of "i" to give a clue this is something different in some way?
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