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I think a clocking system shows an ingrained lack of trust. It might not be intended that way, but that’s what it does for me. I have a contract that tells how many hours I work. If I show too little work for the time I’m payed, than we can have a conversation about that.
My ideal workplace is somewhere where I feel an intrinsic motivation to spend my time productively. That will most likely be because my tasks are fun or interesting or engaging or something like that, but it can also be because I have a financial interest in the things I’m doing because I’m a shareholder (like a co op) or I’m self employed.