The Council State relies on two sets of financial indicators based on data in the Worksheet of Sociable Accounts (WSA). Both sets of financial indicators are governed by WSA’s Domestic Accounts and Foreign Accounts. It pertains to areas of economic life that do not entirely originate from the Totality and the Self, other than that the outcomes do go on to affect the Totality and the Self at some level. One example of this occurrence pertains to the amounts of Arbeit and Geld gained from conducting Real Trade Agreements (RTAs) with other nations. Since all matters of international trade are the concerns of the Council State, the Council State is the final authority on trade policies. For the accountants, the goal is to record and monitor the overall performance of those RTAs and how they relate to the TPP (Total Productive Potential). That also includes determining the known expenses accrued from acquiring Equipmentalities or the components of unfinished products and any spending on imported luxury goods.
In the WSA’s National Account, the overall spending and expenses of the Council State, Totality, and Self recorded alongside any accumulations of Schuld as Sovereign Schuld, People’s Schuld, and Personal Schuld. The purpose of that arrangement is to provide an overview for all forms of Schuld, which can then be broken down and traced back to certain government activities, production processes and even persons of interest. Additionally, the National Accounts tracks any Geld the Council State receives from issuances of licenses, patents and other Intellectual Properties operating under Production for Dasein. The overall Value of Arbeit and Geld received from Research and Development (R&D), not to mention the procurement and deployment of technologies, is to be compared against the costs of developing those technologies. Any special sources of Geld for the Tourism Industries, such religious pilgrimages, Student Government-sponsored field trips involving the Student Body of the SSE, Foreigners paying any possible fees to access the National Intranet services from anywhere other than pre-designated Internet Cafés, and international sporting events, will be found here as well. While the regular transactional sales from Tourism Industries are included in the Services Sector of the VCS Economy, the Actual Geld made from the Council State sanctioning national cultural and athletic events are not always constant inflows, hence their inclusion to the National Account as a financial indicator.
A similar arrangement will be established for any special sources of Actual Geld or Digital Geld within the Information Sector, in addition to other special sources stemming from National Media contributions to the National Consciousness. National Media in Production for Dasein consists of “State Media” (media created by the Council State), “Social Media” (media created by the Totality), and “Student Media” (media created by the Student Government of the SSE). Note that the concept of Social Media in Production for Dasein is very different from its equivalent found in Production for Profit and Production for Utility. Production for Dasein’s conception of Social Media is one where the Totality actively contributes to the production and circulation of newspaper and magazine publications, radio and television stations overseen by their local and regional governments. They maintain close communications with their digital equivalents on the National Intranet, a collection of websites and Intranet Service Providers (ISPs) connected to Social Forums as a form of Intranet Governance in accordance with Council Democracy.
Even though most sources of Arbeit and Geld are accounted for in the Information Sector of the VCS Economy, it would be naïve to not accommodate special sources of Actual Arbeit and Actual Geld (or Digital Arbeit and Digital Geld) originating from scheduled media events like livestreaming movies and television shows, live musical performances at concerts and orchestras, intellectual debates on university campuses, or multiplayer gaming competitions. Those sources are not always going to happen often and are more likely to occur as special events, compared to more sources like operating a multiplayer gaming server, publishing video essays on a video streaming website, writing to the editor of a newspaper publication, or publishing a music album for a record label.
The final financial indicator for National Accounts is Foreign Aid, which pertains to how much Geld the Council State is willing to allocate toward supporting the developments of foreign nations. One goal of allocating Geld toward that endeavor is to build good relations with other countries and to help them adopt the Work-Standard on their own terms. But the most mundane goal, however, is to track how much Geld is being allocated toward financing relief efforts in the wake of natural disasters, wars, and other catastrophes.
The rest of the Council State’s financial indicators are in the Foreign Accounts. The first set of Foreign Accounts are related to the foreign currency reserves of the Central Bank as part of the Financial Regime within the Reciprocal-Reserve Banking System. The “Sociable Foreign Reserve (SFR) Account” denotes the Value of Geld from foreign nations with Sociable Currencies pegged to the Work-Standard. The SFR Account is meant to be separated from the “Kapital of Dirty Money (KDM) Account,” which is the foreign currencies of Socialist nations with currencies not pegged to the Work-Standard, and the “Kapital of Blood Money (KDM) Account” for Liberal Capitalist regimes.
Foreign Account financial indicators for RTAs cover all sources of Arbeit and Geld that the Council State is gaining from any active Real Trade Agreements. This includes not only the Actual Arbeit and Actual Geld covered in the International Trade category of the VCS Economy, but also any Digital Arbeit, Digital Geld, Military Arbeit, and Military Geld the Council State receives from those RTAs. There may be arrangements between the Council State and at least one foreign nation to provide munitions, ordnance, vehicles, aircraft, technical assistance, military advisors, and so forth that simply cannot be exported by the VCS Economy. There may even be arrangements made to allow Foreigners to access the National Intranet while working in the Socialist Nation as part of their Profession. Something similar could occur from the Council State facilitating any Student Exchanges that Student Government might have with another Student Government in another country.
Against the backdrop of the Council State’s affairs within international trade is the extent to which the Totality, as Nationals, is engaged in Economic Foreignization (EF). Accountants record the extent of Economic Foreignization based on the known Value of finished products that were manufactured by Foreigners in another country. There may be elements of the Totality that are spending Actual Geld on imported goods and services. One instance might involve somebody importing an Electric Vehicle (EV) and the Socialist Nation also needs to import its replacement parts. There may be transactional sales in the Services Sector where foreign Household Appliances are being sold to the Totality at a Department Store. Electronics such as personal computers, television sets, and smartphones are notable examples. Foreign apparel, foodstuffs, and luxury goods are other examples, except they are not the only ones.
Economic Foreignization from imported goods and services is related to the Net Economic Foreignization (NEF), which governs the Value of Arbeit and Geld contributions to the Life-Energy Reserve from individual Foreigners and Foreign Enterprises. Under the terms of an RTA, the Council State may establish Real Economic Zones (REZs), Shopping Citadels, the smaller Shopping Arenas and its mass transportation equivalent, the SATHs (Shopping Arena Transit Hubs). Those areas are prime candidates for Foreign Enterprises to establish themselves, rendering goods and services to Nationals. The same could be said about Foreign Student Enterprises owned and operated by the Student Government of a foreign nation and working alongside the Socialist Nation’s Student Government with the approval of the Council State.
How should the accountant identify an occurrence of Net Economic Foreignization and distinguish it from regular Economic Foreignization? To borrow a memorable case from The Work-Standard (2nd Ed.), one example might involve somebody, with the backing of the Council State, opening and operating a McDonald’s branch at a Shopping Citadel. While this McDonald’s branch is still beholden to the McDonald’s Corporation, an American fast food restaurant chain, the owner of the branch is a member of their local community Guild, reports to that Guild’s Economic Planner, and worked alongside the members of their Guild to choose a Delegate to the local Council of Municipal government. This would only occur as part of an RTA that the Council State had made with the Americans, the RTA itself specifying how much Actual Arbeit from the economic activities of Foreign Enterprises should go to its Life-Energy Reserve and how much Actual Geld should go to the overseas accounts of McDonald’s Corporation.
For the accountant, they would record how much Actual Arbeit and Actual Geld went to the Life-Energy Reserve (and by extension, the Council State, the Totality, and the franchisee owner of that McDonald’s branch), followed by how much Actual Arbeit and Actual Geld went to the McDonald’s Corporation. Based on that financial data, we will be able to know the extent to which the McDonald’s Corporation is contributing to the Net Economic Foreignization of a Socialist Nation. Moreover, we will also be able to learn if the McDonald’s Corporation has arrangements with anyone else from the Manufacturing Sector of the VCS Economy to produce food and beverage. That McDonald’s branch at the Shopping Citadel may be serving Coca-Cola locally produced in the Socialist Nation, which implies that the Council State also included other arrangements involving The Coca-Cola Company in its RTA with the Americans.
What can be inferred from the preceding case?
- Two Net Economic Foreignization (NEF) sources of Actual Arbeit and Actual Geld to the Life-Energy Reserve, one from running facilities manufacturing products from the Coca-Cola Company, the other from operating a McDonald’s branch with the McDonald’s corporation.
- One source of Economic Foreignization (EF) from any subsequent retail sales of Coca-Cola products. That McDonald’s branch is not going to be the only one acquiring some for its own production process. Expect to encounter vending machines and grocery stores selling them as well.
Furthermore, the accountant should be able to expand the categorization of Economic Foreignization and Net Economic Foreignization to include “Vectors” originating from Production for Dasein, Production for Utility, and Production for Profit. This is to be demarcated by the “Socialization of Young Minds” for Socialist countries and the “Liberalization of Young Minds” for Liberal Capitalist countries.
The last notable financial indicator in Foreign Accounts is related to receiving Foreign Aid from other governments. There may be instances where the Council State and the Totality may be receiving relief aid as genuine acts of kindness from Foreigners and their governments. Here, the Value is derived from what was being provided to the Totality and Self. For instance, if another government donated a food parcel valued at 7,500 GDM, an accountant records ‘7,500 GDM’ under Foreign Aid in the National Account.
Categories: Work-Standard Accounting Practices
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