Introduction to Nietzscheanism-Leninism “What is Socialism? If we are Socialists, what are we actually fighting for? This question, long a subject of debate on the [‘Political Left’], is receiving even more attention today because of the momentous changes taking place… Read More ›
Philosophy
SMP Compendium: The Four Functions and Six Attributes of Currencies
Every Currency, including the Work-Standard’s Sociable Currency, must be capable of exhibiting four consistent Functions. Without those key defining characteristics, they are unworthy of being practical in the everyday affairs of any country. These Functions are: Those four Functions affect… Read More ›
SMP Compendium: Theories of Value (Pt. I of II)
Is the Value of a good or service determined by the value-judgments and attitudes of the beholder? Or is the Value not informed by anyone in particular and can be measured objectively? Assuming if the Value can be judged intrinsically,… Read More ›
SMP Compendium: Theories of Value (Pt. II of II)
It was established that the Theory of Value employed by the Work-Standard operates on its own paradigm. Practical applications of the Work-Standard do not rely on either the Labor Theory of Value (LTV), the Subjective and Utility Theories of Value… Read More ›
SMP Compendium: Theories of Money (Pt. I of II)
Competing Theories of Money have proliferated in the Western world when the concept of Currency became grew increasingly important since the Renaissance. If the Theories of Value concerned how something supports the Value of any given Currency, then the Theories… Read More ›
SMP Compendium: Theories of Money (Pt. II of II)
What shall be the Work-Standard’s Theory of Money to complement RTV? The whole premise of RTV rests squarely on the LER Process, particularly the notion of committing Life-Energy into Vocations to create Actual Arbeit and contribute them to the Life-Energy… Read More ›
Currency Depreciation/Appreciation (Pt. I of II)
All Currencies will gain or lose Value over a period of Zeit (Time). Any increase in the Value is called “Appreciation” whereas any decrease in the Value is “Depreciation.” How the Value changes is dependent on the Currency being Kapital or Geld. For… Read More ›
Currency Depreciation/Appreciation (Pt. II of II)
As stated earlier, the Liberal Capitalist conception of Currency Depreciation/Appreciation relies on a “Inflation/Deflation Rate.” The Inflation/Deflation Rate is influenced by the Supply and Demand of Kapital in existence relative to the amount of goods and services being circulated. The… Read More ›
SMP 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 ›
SMP Compendium: Monetary Expansion/Contraction
Following the Reciprocal Theory of Value (RTV) and the Work Theory of Money (WTM) to their logical conclusions, several important observations can now be drawn regarding the specifications of the Life-Energization Reciprocity (LER) Process. The implications of everything related from… Read More ›
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