What central planner planted the lifeclock in everybody?

Rating: 2/10 (19 December 2019)

Because of the old tale about the land of the forever young people, "Tir Na Nog", Spaniards in the 16th century traveled extensively throughout America after "the Fountain of Youth", which they believed would exist somewhere in the New World.
Nowadays, many claim that through the ever faster technological development we will soon discover it for real (see for example, the documentary film Transcendent Man about the inventor and futurist Ray Kurzweil).
But in this movie, it seems some cruel central planner have ransioned peoples lifetime to the very last second. Soviet style, by a downticking clock. Which everybody can watch on their left arm. Without any explanation how it surgically got there!
And everybodys lifetime in minutes and seconds have become more valuable than money, not unlike food and clothes in the Eastern Bloc, during the Cold War.
The premise of this movie, is just so stupid. Would there be a corresponding downticking clock in other movies, for the ransion of antibiotics?