четверг, 10 ноября 2022 г.

Form of relationship distribution of labor

 I`d like to explain what form of relationship distribution of labor should be.

I will build a relationship of equal exchange between business entities as owners of the product of people`s labor. The form of relations is reflected in the form of settlements. A business entity exists only as a party to the relationship and apart from the rights and obligations of these relationships there is nothing in his business life.  

Exchange displays the exchange of rights of the parties to the relationship. Namely, the right of ownership or the right of monetary claim, as an asset of the relationship. In my settlement system, the exchange of products is made for the right to demand payment for the final product (a share of the cost of the final product). This is an equal exchange relationship between the participants of its production.

However, I endow the right to demand payment with the properties of money - turnover, divisibility by the amount of the right and IMPERSONALITY of the final product in the right to demand  payment. Thus, all participants in the production of final products are calculated as a share of the cost of all final products (by the right to demand payment).

How do I achieve this? I combine the ownership of the Central Bank banknote, which is displayed by an administrative paper, not a debt paper, with the right to demand payment for the final product. Thus, the right to demand payment becomes mandatory for acceptance by the creditor (by the seller of means of production). I called such an undocumented warehouse certificate a bank certificate deposit account. The issuing bank of this certificate issues it only to pay for the delivery of final products of the national economy (goods, work, services, property rights). On the production market settlements are carried out by means of this bank depository obligation. One can forget about the multiplier.

The consumer market is served by the financial obligations of the issuing bank of the administrative paper. The Bank accepts a bank certificate only for the payment by the business owner of current value-added costs (salary, settlements with accountable persons and owners of securities) and taxes. These are regular costs with low dynamics of changes that serve the consumer market. The issuing bank receives payment for the final products, it also issues a financial obligation to pay for the final products, i.e. it pays itself. Final settlements are carried out only between issuing banks. 

The securities of the buyer of fixed assets are also final products that are sold by the issuing bank as an underwriter of the issuer of securities. It's very simple to do this. As an agent of any bank  I will build a new banking system of relations in a quarter. 


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