The etymology behind the usage of the term Zeit in the SMP Compendium originates from the German word for “Time.” Zeit refers to the tertiary unit of measurement in gauging the economic and financial activities of the nation-state. It is… Read More ›
Compendium
Everything related to the articulation of the Work-Standard
Compendium: Arbeit and Geld
The SMP Compendium generally envisages a practical application of the Work-Standard as the conversion of Arbeit into Geld and Geld into Arbeit. The terms ‘Arbeit’ and ‘Geld’ are derived from the German words for “Work” and “Money” respectively. The usage… Read More ›
Compendium: Schuld
In the SMP Compendium, Schuld is a German word that has two etymological meanings, a legal one and a financial one. The financial meaning is commonly used to refer to “Debt,” which is the amount that an indebted borrower owes… Read More ›
Compendium: Financial Regime
The term ‘Financial Regime’ is used throughout the SMP Compendium to refer to the political forces in command of a nation-state’s monetary policies. A lot of confusion about how monetary policies are conducted and realized within conventional economics can be… Read More ›
Compendium: Japan’s Lost Decades and the Rise of Zombie Firms and Zombie Banks
The “Lost Decade” refers to an economic and financial crisis that affected Japan, the effects of which continue to linger since the 1990s. The Japanese economy was devastated by the bursting of the asset-price bubble that came as the consequence… Read More ›
Update (31 May 2021)
There is already enough entries in the SMP Compendium to warrant the need to reorganize it. So far, every entry that I have completed was arranged in chronological order, rather than in specific categories for simpler navigation. The limitations of… Read More ›
Compendium: ‘Death-by-Overwork’, the Work-Standard’s Version of Hyperinflation
Various historical events have been cited by historians and economists alike as providing definitive examples of Hyperinflation. Weimar Germany, Mugabe’s Zimbabwe, and Venezuela have been cited as contemporary examples in the past century alone. These examples are well-known cases where… Read More ›
Compendium: The Internet, the Y2K Bug, and the Work-Standard’s Mechanization Rate
Information technologies grew up alongside nuclear technologies in the wake of the Second World War. The most obvious example of their pervasive importance is of course the World Wide Web (WWW). The WWW is the digital medium that everyone uses… Read More ›
An Update and Preview of “What is the ‘Splinternet?'”
To begin, I must state that as of this writing, I will be updating my PC to Windows 10 sometime this week. I don’t expect the changeover to cause any serious delays since I have a backup laptop that I… Read More ›
Compendium: Project Cybersyn and Ernst Jünger’s ‘Phonophores’ and ‘Luminar’
It is generally agreed that the Internet and smartphones are ubiquitous aspects of everyday life in the early 21st century. Everyone uses the Internet to connect with others and everyone else browses on their smartphone when the opportunity arises. It… Read More ›
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