Work-Standard Accounting Practices: Accounting Standards (Pt. II of II)

Is it tenable to envisage the adoption of alternative accounting practices in non-Liberal Capitalist conceptions of world order? If one has already entertained a world order where nations adhering to Scientific and Artistic Socialism (Marxist and non-Marxist respectively) coexist, is it possible to consider those nations relying on a universally adopted set of accounting practices? Could the same be said about nations with Corporatist and Syndicalist economies? Are these ideologies too distinct within the State of Total Mobilization that such an idea would be impossible? Or is there a way for the Accounting Profession to accommodate the multiplicity of different ideologies that are unrelated to Neoliberalism?

These questions are simpler than they actually appear at first. Even though Marxism-Leninism had its own conception of accounting practices at one point, it is not as if other ideologies besides Neoliberalism are incapable of promoting their own versions. Everything depends on whether a new international consensus can be reached regarding the very definition of what constitutes wealth. After all, the Liberal Capitalist conception of “wealth” is very different from how wealth is described by other ideologies. The real challenge is ascertaining whether an international consensus could be reached on the definition of wealth.

Fortunately, the Work-Standard provides the necessary answers. Wealth stems from the Arbeit and Geld of any given nation. It does not come from the mere desire for the accumulation of Kapital and Schuld, but from the actual ability of a nation to create Arbeit and Geld for itself and others. The necessity for a universally adopted set of accounting practices, applicable to all nations under the Work-Standard, emerges in Real Trade Agreements (RTAs). Unlike the Free Trade Agreements (FTAs) in Production for Profit and Production for Utility, the RTAs of Production for Dasein essentially involve compromising on how much Arbeit and Geld should belong with the Exporter and how much Arbeit and Geld remain with the Importer. A nation might receive more in Arbeit, more in Geld, or balanced increments of Arbeit and Geld.

Moreover, there may be contexts where one Enterprise’s economic activities are occurring outside the national borders of its homeland. It might have facilities and personnel in another country, contributing Arbeit and Geld there and sending it back to the Life-Energy Reserve in the homeland. Certain Natural Sector economic activities cannot be done at home due to local geography and climate being undesirable or the absence of required natural resources. Rubber production and rare mineral extraction are two cases.

There may even be other contexts where one Enterprise is authorized to recruit Foreigners to work alongside Nationals within their production processes. Since the concept of “cheap labor” is unacceptable for the purposes of the Work-Standard, the Foreigners involved may have technical skills or expertise that the Nationals lack, with the purpose of the former being to train and educate the latter. Other contexts could involve the exportation of firearms and ammunition for recreational, hunting, sports, police, and military applications, the deliveries of automobiles, boats, and aircraft and their spare parts, or even the provision of eCommerce services on the National Intranet. Ways of determining the Values of Arbeit and Geld need to be ascertained for any and all economic activities done by Foreigners on behalf of the Nationals.     

There needs to be a way for the Accounting Professions of the involved nations to determine how much Arbeit and Geld everyone is receiving from the RTA. Personnel, organizations, and governments will yield different sources of Arbeit and Geld within their own economic activities, each containing different Values. Arrangements also need to be made regarding how much an Equipmentality, the components of an unfinished product, a finished good, or a rendered service should be Priced. Even changes to the Values of the Sociable Currencies involved need to be accounted for. Those changes may be related to the Attrition/Inaction Rate (AIR), the Mechanization Rate (MR), the Central Bank’s decision to reset the Exchange Rate, and so forth. Whichever the case may be, accountants need to be able to make periodic adjustments as needed.   

But are RTAs the only the prerequisite for the establishment of a universally adopted set of accounting practices in what is otherwise a “Socialist World Order?” Another aspect of this challenge pertains to the ownership of units of Sociable Currency and NSFIs (National-Socialized Financial Instruments) among Foreigners. Foreigners will at some point be in the position to procure the Sociable Currencies and NSFIs of other nations upon achieving the prerequisite “Social Rank.” Some may eventually obtain them through participation in the economic activities of another SSE or the VCS Economy. While the former becomes permissible through a “Student Exchange” between Student Governments, the latter often occurs under the terms of an RTA.

Foreigners possessing the prerequisite Social Ranks should be expected to familiarize themselves with the National Consciousness of the Totality that they are studying and working with. They need to know the language, respect the cultures, traditions, social norms and customs of the Totality. If they have ancestral ties to the Totality’s homeland, they should make the most of that fact to the best of their ability.     

The deliberate pursuit of owning the NSFIs of a given nation by a Foreigner deserves to be recontextualized as them being interested in contributing to the Life-Energy Reserve of its State and Totality. By purchasing “Fiefs” or “Work-Plans” at the Kontor and receiving payment upon satisfactory completion, they have demonstrated a willingness to invest in that Totality and their State. It is precisely within the foreign ownership of NSFIs that a distinguishable characteristic arises, setting NSFIs apart from the LCFIs (Liberal Capitalist Financial Instruments) of Neoliberalism’s IASB and IOSCO. Stocks and Bonds do not require the tangible inputs of the Self in order to accrue Value, even if said Valid happens to be denoted in terms of Kapital and Schuld. With Fiefs and Work-Plans, however, the Self has to literally strive toward prescribing Value to them through their own contributions of Arbeit and Geld.   

The same pattern also occurs when it comes to the issuances of Interest-free “Work-Tenures,” which are special loans exclusive to the Work-Standard’s Reciprocal-Reserve Banking System. Contrast that with the Interest-laden loans offered by the Fractional-Reserve Banking System, where Interest Rates serve as the safety valve against the Inflation/Deflation Rate. Like all other NSFIs, Work-Tenures are governed by the Mechanization Rate (MR) and the Attrition/Inaction Rate (AIR).

If there is going to be any disagreements between the Socialisms, Corporatism and Syndicalism over the definition of tangible wealth under the Work-Standard, it will be in regard to which economic activities should yield Arbeit and Geld. There will always be some point of contention over which economic activities are supposed to count towards the Arbeit and Geld of a Totality. The contention is not so much over mundane economic activities but instead over those which are applicable to the National Consciousness of a Totality. What is considered Arbeit and Geld in the English-speaking world or the German-speaking world may not necessarily be the same throughout the Arab-speaking world, Russia, China, Korea, or Japan. This goes back to the Domains of the Work-World, where only economic activities connected to a Domain are capable of contributing Arbeit and Geld to the Life-Energy Reserve. It is of course an important aspect of the Work-Standard’s “Political Organization Problem,” whose solutions are meant to be open-ended and not close-ended like the so-called “Economic Calculation Problem.”

How would the Work-Standard’s accounting practices be formalized at the international level for the purposes of facilitating Real Trade Agreements? Instead of establishing an NGO, the Work-Standard advocates for an IGO, the “World State Organization (WSO),” that would be in the best position to introduce the Work-Standard and its accounting practices to the rest of the world.

Categories: Work-Standard Accounting Practices

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