The “Proprietary Fund” is considered one among the various examples in which Production for Profit and Production for Utility are closely intertwined. On paper, it resembles a Fund related to the so-called “Public Sector” (Read: Production for Utility). In actual… Read More ›
Monetarism
Work-Standard Accounting Practices: The Modified Accrual Method
Economic organizations operating in Production for Utility may record their economic activities with the “Modified Accrual Method.” The Modified Accrual Method is a combination of the two aforementioned accounting techniques discussed in the previous Entry, the Cash-Basis Method and the… Read More ›
Economic History Case Studies: Asian Tigers (Pt. I of III)
The term “Asian Tigers,” in reference to the South Korean, Taiwanese, Hong Konger and Singaporean economic governance models, is also a product of its own historical circumstances. It came to describe the levels of economic growth in Kapital Accumulation that… Read More ›
Kitchen Update (22 December 2021)
“In our day, [Insecurity was] pretty [easy to take] care of. The delicate balance that ideally exists between [Unfreedom] and [Security] has long since tipped against Freedom [and Insecurity] practically everywhere on Earth. In [the Western Bloc countries], Freedom is… Read More ›
Compendium: Wartime Preparations and the Work-Standard (Pt. II of III)
Council Democracy and the Causes of War Wars waged in any state of Total Mobilization are expensive, and the Totality is fully aware of this. Council Democracy, unlike Parliamentary Democracy, grants the Totality the chance to provide a unanimous or… Read More ›
Neither Utopia nor Dystopia: “Never Forget”
Personally, my patience for any dystopian Utopia and utopian Dystopia can be as dismal as my low opinions of them. Liberal Capitalism promises both at the same time to anyone willing to accept its ideas wholeheartedly. Certain Liberal Capitalist promises… Read More ›
A Work-Standard Critique of the “Fractional-Reserve vs. Full-Reserve Banking Dialectic”
Various proposals were offered in the 1930s to counteract the negative effects of the Great Depression. From monetary reforms and nationalization of privatized firms to the popularization of Keynesianism and Soviet-Type Economic Planning, the decade was a period of economic… Read More ›
Compendium: How the State receives Revenue and allocates the Budget
The Vocational Civil Service (VCS) Economy model does not rely on the conventional taxation policies found in Liberal Capitalism. The State receives the Revenue for its Budget from the same national economy that it predominantly owns and controls. All Geld… Read More ›