On a Russian State cultural media website, there was an article about the Soviet Ruble that featured a Josef Stalin quote which reads: “If a Socialist country pegs its Currency to a Liberal Capitalist Currency, then this Socialist country must forget… Read More ›
Politics
SMP Compendium: Technology and the War Effort (Pt. III of III)
“Free to Choose?” “[Economic] Socialization does not mean nationalization by expropriation or theft. It is not all concerned with nominal property, but rather with the techniques of administration. Buying up industries right and left for the sake of some slogan,… Read More ›
Update (30 July 2023)
This is it. The final Section of the Third Edition of The Work-Standard is the last one to be posted. I am going to post them six hours after the Update post goes live. If I am satisfied with the… Read More ›
SMP Compendium: On International Trade and Investment
Unlike regular national economics, the field of international economics covers a broader political dimension that spans the entire planet. It is normal for countries to trade with others to acquire whatever they need for their own economies. In international economics,… Read More ›
SMP Compendium: CMEA’s Fixed Exchange Rates and its Hard Currency Shops
There is no doubt whatsoever that the demise of the Eastern Bloc countries and the Soviet Union by extension came as a direct result of the Death of Bretton Woods. While the Western Bloc and the United States opted for… Read More ›
SMP 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 in the 1980s-1990s, the effects of which continues to linger as of late. The Japanese were devastated by the bursting of the asset-price bubble that came as… Read More ›
SMP Compendium: Exchange Rates and the Impossible Trinity
Every Currency has an Exchange Rate that determines its Value when compared against the Value of another Currency. This is best demonstrated by the Price of conversions between one Currency to another. If one wishes to know how much their Geld… Read More ›
SMP Compendium: Applications of Autarkic and Protectionist Trade Policies
Alexander Hamilton has given Socialism its political philosophy on the conduct of international trade. “Protectionism” and “Import Substitution Industrialization (ISI)” are the means of achieving Autarky. Autarky, it should be prefaced, is not an ideal but a strategic goal for… Read More ›
SMP Compendium: On Movements of Arbeit, Geld, and Information
In the Socialist Nation, everyone is expected to live within their own means of production, regardless of whether there is any international trade or not. Even so, there will always be moments where the State will be conducting trade with… Read More ›
SMP Compendium: On Formation of Customs Unions and Monetary Unions
If there are already five different Currencies pegged to the Work-Standard, certain accommodations may have to be made for Customs Unions, Political Unions, Economic and Monetary Unions. Anything short of literal annexation through economic means is acceptable and shall be… Read More ›
The Fourth Estate 
You must be logged in to post a comment.