Another variation of the Political Organization Problem pertains to Technology affecting how various artforms are conducted and how people discuss and critique them. Life imitates art, it is often said, and the type of Total Mobilization being employed affects the artforms in… Read More ›
The Art of Socialist Finance cannot be conveyed in a massive book of rules and regulations like a “~70,000-page Internal Revenue Service (IRS) Tax Code.” The styles which govern Socialist Finance are to be applied in accordance with present-day economic… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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.