This movie (In time, 2011) supposedly should be anti-capitalism, but it ends up being a pro-capitalism movie when read using economics as a framework.
The premises are that people are engineered to never get old, but they have a timer and when the timer expires they die. So, they use time as money since they can exchange it with other people. From the movie it's implied that there is an unlimited amount of time available, in theory, and the scarcity is artificial and probably created by the government. Yet, this is an anti-capitalism movie. You see where this is going?
But even if time was a scarce resource, why the hell would someone use time as currency? It doesn't make sense because when you have to pay your last two hours for a bus fare, the price is automatically too high and not worth it. We know that the currency isn't necessarely valuable because of its possible applications, but it's mostly a system to represent value and exchange it with other people. So, stability in currency is something seeked and time is certainly not stable as currency since its value change greatly base on how much you have of it. Nobody would really use time as currency, certainly not to the point of risking their life. Other things would be used as money, unless of course it wasn't the government to force people to use time as a currency, which is something that is happening in the society depicted. Forcing people to use a certain thing as currency is not capitalism.
Then we have the prices for goods that soar and the rich girl telling the protagonist something along the lines of "we do up the price so that people die". It seems that we have a central planning board choosing prices, which is absolutely not capitalism and not free market. I won't even discuss it firther here since this is literally chapter fucking one of basic economics of Sowell.
Then there is the problem of "if everyone had infinite time we would die of overpopulation". No, we wouldn't. If property rights were used, people would just not create new humans because it would be too expensive to mantain them. Also, there would be privatized incentives to get sterilized or at least have your fertility put on hold. Truth is, we already live in a situation where nothing is stoPost too long. Click here to view the full text.