The rates at which we tend to accumulate Arbeit and Geld will not always follow an ascending linear line on a graph like the Liberal Capitalists. Unlike Liberal Capitalists, the Work-Standard does not have us accumulate a large ‘Quantity of Kapital’ commensurate with a relatively large ‘Quantity of Schuld’. There can be moments in the course of a year where the rates of Quality of Arbeit and Quality of geld will rise or fall over the duration of a given work-week. It depends on what is happening at specific times and on specific days within a year. Our Currency is affected by how we live our everyday lives, how we respond to emerging events and how our Authentic Choices affect ourselves and those around us.
Only one question confronts our economic life. Are we in fact “free to choose?” We are free to choose how we wish to live our lives for economic freedom under Socialism is like playing a game of chess. Anyone can play Chess in any way they wish, but someone must make the first move.
In the contextual framework of time and space, what is expected of us by the Work-Standard at the very least is that we recognize when to let things play out and when to intervene by guiding them toward a well-intended end with full self-awareness of their consequences to the best of our abilities. There is always going to be a time for everything in Life, including the Zeit reserved for making self-reflections for our own actions.
Not everything occurs spontaneously. Sometimes, what we perceive as “Unintended Consequences” may have an Implicit Intent of its own when observed from hindsight. The work-day begins and ends as it normally does. We can uphold the Intent of why we choose to interact with a given Vocation or refuse to do so. Our Intent is dependent on knowing who we are and why we exist in Life at a certain moment in world history. The Intent has to be something far greater than any mere Profit Motive; those who do often tend to encounter more Meaningless Work than Meaningful Work. The Vocation Motive reigns here, its metaphysical logic informed by the pursuit of Authentic Dasein in the state of Total Mobilization.
With the Work-Standard, we are now beginning to realize the advent of a Command Economy as opposed to a Planned Economy. Yes, there are inherent distinctions between the two as discussed previously. We know we are a Command Economy based on ten well-informed conclusions:
The Totality controls the State as part of a functioning Council Democracy, the State adhering to the legislative and executive procedures set forth under the Constitution;
The Totality and their State control the entire VCS Economy or at least a vast majority (preferably about three-quarters in the event of Economic Foreignization);
The Totality relies entirely on the Intents of Command and Obedience without any recourses to the Incentives of Supply and Demand from forces external to the nation;
The Totality is not affected by Unemployment and Underemployment, the State informing them by a Constitution of Intents and Obligations and a Legal Code of Duties and Rights;
The Totality relies on the Work-Standard for everyday finances and economic life, with all of at least a vast majority of Enterprises being SAEs, SOEs, NSEs, POEs, and PDEs;
The State is the final authority for approving any proposed alterations to Wages and Prices within a given Income Bracket, the actual decision-making done by State Commissariats;
The State wields the Intents of Command and Obedience based on the Sustainability of the ratio between the Quality of goods and services and the Frequency of transactions for them;
The State employs a distinct form of Economic Planning which relies on the Socialist Conception of Property and National-Socialized Financial Instruments issued by Kontore;
The State implements and enforces the Work-Standard as part of its national Constitution;
And the State has the nation’s markets operating as Tournaments, resiliently adapting with the VCS Economy and Reciprocal-Reserve Banking System whenever the Totality decides to reform the Work-Standard from within its own metaphysical groundwork.
If all or at least most of the above conditions are met, we may rightfully refer to our national economy as a Command Economy. The term “Planned Economy” can then be spoken in reference to these new-old ‘developing countries’, the countries which are currently abandoning the Market/Mixed Economy in favor of the Planned/Command Economy.
Due to the Quality of Arbeit and Quality of Geld, we can expect the amounts of Geld in circulation within the Socialist nation to be ‘scarcer’ than the obscene amounts of Kapital in circulation among the Liberal Capitalist Market/Mixed Economies of the Liberal International Economic Order (LIEO). Nothing is more satisfying than when our Central Bank decides to insist that the Exchange Rate between the GDM and the US Dollar is “1.00 GDM for every $20.00 US Dollars.”
Kapital = Geld * Exchange Rate
Geld = Kapital / Exchange Rate
Exchange Rate = Kapital / Geld
I mean, why would the Currency of the Socialist nation not be worth $20.00 USD? Why would the Exchange Rate be more favorable for the Socialist nation when 1.00 GDM is worth $25.00 USD or $75.00 USD? Does not realize what would happen if one were to calculate the “$3.5 trillion” spending proposal by the Jeffersonian Congress of Parliaments on Capitol Hill into GDMs with an Exchange Rate of 1:75?
Geld = $3.5 trillion USD / 75.00 = 46,666,666,666.70 GDM
If the Jeffersonians gave our Socialist nation from the SMP Compendium the exact amount of Kapital that the Democratic-Republican Party is currently proposing to spend on Infrastructure (and God knows what else), the Central Bank’s KBM Account would be valued at 46,666,666,666.70 GDM. That is, assuming the Exchange Rate was in fact 75.00. It is only fitting for the number of the second beast to appear three times, because entire developing countries cannot buy or sell anything in their own Currencies if the US Dollar continues to be the World Reserve Currency. Our Socialist nation would be no different, but there is a way for its Currency to overcome this particular obstacle.
The Socialist nation’s best chance at competing against Kapital internationally is for the Currency to become a “Hard Currency” while still being pegged to the Work-Standard. Just going by Liberal Capitalist metrics alone, a Hard Currency exhibits the following characteristics:
-The Value of the Currency must not fluctuate rapidly over the short-term.
-The Liquidity of the Currency must also not fluctuate rapidly over the short-term.
-The national government issuing the Currency and the national economy that relies on it must be politically and economically stable for foreign investors.
-The government institutions have to be reliable and stable enough to maintain a Balance of Trades and Payments. This includes an armed forces powerful enough to defend the nation, a police force dedicated to combating corruption within its own borders and extraditing those who embezzle and launder to offshore accounts.
-The Currency’s Purchasing Power has to be superior to a basket of other Currencies. This means that if one was to convert their Currency to another Currency, they can ‘command’ the Arbeit of the domestic population vis-à-vis a Market/Mixed Economy.
The good news for the Currency of our Socialist nation is that it emphasizes Quality of Arbeit and Quality of Geld as opposed to ‘Quantity of Arbeit’ and ‘Quantity of Geld’. By emphasizing Quality over Quantity, the Socialist nation can focus more on the flourishing of the Totality with a higher Quality of Arbeit and a lower Quality of Geld. Since the Currency is pegged to the Quality of Arbeit under the Work-Standard, this can result in the Currency gaining Purchasing Power against Currencies not pegged to the Work-Standard.
If we can keep the Attrition/Inaction Rate hovering around 0% within the framework of the Work-Standard, we can minimize the effects of both the Attrition Rate and the Inaction Rate. Even though we do not rely on Liquidity, our reliance on Solidarity is just as important for us. A high Solidarity Rate is essential for the Quality of Geld. Everything else will fall into place if our Council Democracy continues to function and our VCS Economy continues to contribute Arbeit and generate Geld for the Central Bank’s Life-Energy Reserve.
The result is the Currency of the Socialist nation having fewer coins and banknotes in circulation. Assuming the VCS Economy and the Council State functions as intended, the Socialist nation’s Reciprocal-Reserve Banking System and Kontore imposes and enforces an ‘artificial scarcity’ due to the effects of the Work-Standard manifesting on the international stage. The international markets are forced to ‘self-correct’ themselves to account for those effects. With less Geld in existence compared to the ridiculous amounts of Kapital in existence, the possibilities exist for 1.00 GDM to be worth either $20.00 USD, $25.00 USD, or even $75.00 USD.
However, ‘artificial scarcity’ will not be the only way for such possibilities to become a reality. Investing in sophisticated anti-counterfeiting technologies will provide greater credibility among foreign investors. The Socialist nation as a whole must live within its own means of production by combating excessive government and consumer spending. That includes doing everything possible from within the framework of the Work-Standard to suppress the appearance of Sovereign Schuld. And while we are not relying on an Interest Rate, we do rely on a Mechanization Rate capable of boosting the Quality of Arbeit, which does translate into a stronger Currency when compared against a basket of other Currencies.
No matter what happens, our Currency has to be accepted by other countries in the realm of international trade. Doing so requires that we strike a middle course between a revalued Currency (where exports are expensive and imports are cheap) and a devalued Currency (where exports are cheap and imports are expensive). And that can be done with the Work-Standard.