Vocations, when attached to Professions and Enterprise, need Actual Geld to continue the LER Process and contribute more Actual Arbeit to the Life-Energy Reserve. While its parent Enterprise can provide that Actual Geld for them, which can be obtained from… 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: 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 ›
SMP Compendium: Mission-Type Economic Planning
National-Socialized Financial Instruments (NSFIs) are designed to not only allow the Kontore to become proper alternatives to Financial Markets, they also overcome the well-known shortcomings of most conventional types of economic planning. Their goal is to realize the conceptualization of… Read More ›
SMP Compendium: Financial Instruments of the Kontore
The National-Socialized Financial Instruments (NSFIs) of the Kontore function differently from the Liberal Capitalist Financial Instruments (LCFIs) that are found at the Financial Markets. They operate according to the interplay between Arbeit and Geld and the Intents of Command and… Read More ›
SMP Compendium: Wartime Preparations and the Work-Standard (Pt. I of III)
The State of Total Mobilization has made it possible for nations to sustain large-scale war efforts in ways that would have been unthinkable prior to the Industrial Revolution. Here, Production for Profit exists in unison with Production for Utility to… Read More ›
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