In a currency system like the Work-Standard, it becomes inevitable to envisage Sociable Currencies pegged to it as relying on “Fixed Exchange Rates.” After the Death of Bretton Woods, Neoliberalism abandoned Fixed Exchanged Rates in favor of “Floating Exchange Rates.”… Read More ›
Finance
Update (26 July 2023)
Only one Entry has yet to be finished for the Third Edition of The Work-Standard. This Entry in question is the “Greater American Amendment,” one of several Entries that needed a rewrite since the completion of the Second Edition. My… Read More ›
SMP Compendium: State of Total Mobilization
The 20th century witnessed revolutionary changes in every facet of life for all nations. Its influences still persist in the 21st century. The most important development has been the recent emergence of the “State of Total Mobilization,” a metaphysical concept… Read More ›
SMP Compendium: Transvaluation of All Arbeit
In the former Soviet Union, Yuri Andropov once imposed penalties for tardiness to the workspace and having the work-shy arrested for failing to show up to their workspaces. In the United States, young Americans with university degrees have trouble finding… Read More ›
SMP Compendium: Taxation and the Work-Standard (Pt. I of III)
It is only appropriate to describe the Work-Standard’s relationship with taxation policies from the standpoint of the Federalist Worldview. Most Americans genuinely do not appreciate taxation policies. They are willing to tolerate when convinced they are necessary for the Totality,… Read More ›
SMP Compendium: Taxation and the Work-Standard (Pt. II of III)
The contemporary US Taxation System in the early 21st century is in many respects a byproduct of the haphazard implementation of Total Mobilization after Alexander Hamilton’s death and the dissolution of the Federalist Party. Much of it was introduced under wartime conditions. While… Read More ›
SMP Compendium: Taxation and the Work-Standard (Pt. III of III)
The past two parts of this SMP Compendium should be obvious by now. Taxation under the Work-Standard is going to operate according to a different set of parameters than how they are normally conducted under Liberal Capitalism. The purpose of… Read More ›
SMP Compendium: Fractional-Reserve and Full-Reserve Banking
The Great Depression resulted in various proposals to address the failures of the Fractional-Reserve Banking System in the 1930s. From monetary reforms and nationalization of privatized firms to the popularization of Keynesianism and Soviet-Type Economic Planning (STEP), the decade was… Read More ›
SMP Compendium: Reciprocal-Reserve Banking
Conventional banking practices will be revolutionized by the Reciprocal-Reserve Banking System. Its methodology differs from those found in Liberal Capitalism and most historical and existing Socialisms. No other Socialism has been able to realize this for reasons that pertain to… Read More ›
SMP Compendium: Financial Markets and the Kontore
Financial Markets are one of several defining traits of life under Liberal Capitalism. They are financial institutions designed specifically to facilitate transactions pertaining to the purchase and sale of Kapital. This form of Kapital refers to the assets of Securities… Read More ›
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