Commonwealth according to Wikipedia was derived from an English noun in the 15th century. The old meaning of wealth of wealth is well-being. Wikipedia further defines commonwealth as "... a state or nation-state governed for the common good ..."
Communism on the other hand is defined as a "... socioeconomic structure that promotes the establishment of a classless, stateless society based on ownership of the means of production."
By limiting the definitions of these two words, we can say that both have a, albeit, common meaning: equally for all.
Both forms of governing a nation has similar flaws. Classes exist under communism while the common good is not sought in commonwealths.
Those who defined these words meant how they are defined. Those who put these words to use, use them the way they believe it may be used.
If communism is implemented as I believe it should have been, the share of the leaders in the production income should be the same as those who labor in the fields.
If there is indeed a commonwealth, then there is no such terms as the privileged few or marginalized group.
I think all forms of governance have been crafted to answer the needs of a nation or state at that time. Implemented properly, it will serve its purpose. It is the implementers who sometimes loose sight of what they are supposed to do. and that is when the flaw is made.
Sunday, June 29, 2008
Tuesday, June 24, 2008
Transfer of loss
I have been wanting to make this post for some time now.
When a person begins using counterfeits, they tend to transfer the lost value of that illegal tender from one person to another. What if the person using the money to pay products and services does not know the money he pays is fake? And what if the person receiving the money does not kwow this fact as well?
What results is a transfer of loss of value.
If I have a 100 peso bill and I use it to pay 100 pesos worth of products whose net value is 90 pesos, I give the vendor an income loss of 10 pesos and an asset loss of 90 pesos.
If that vendor then uses the fake 100 peso bill to give change to a customer, the vendor transfers the 100 peso loss of value to the customer.
This goes on and on and on until someone discovers that the bill is fake.
But the loss will not end there.
The last owner of the bill when it was rejected finds out that the bill is fake, that person will just keep the bill, keep the knowledge to himself and probably use the bill to pay another vendor or person and so the cycle continues.
In this manner, as more and more counterfeit are injected into the monetary system, the loss of value increases.
And by sheer chance that all legal tender are lost or destroyed and only counterfeit money circulates, that is the time when loss of value is cancelled out. By that time, the counterfeit money will have value equivalent to the legel tender it represents. Nobody else will claim a fake money is fake because everyone will be using fake money. And fake money is cheaper to produce than real money.
So, how about it, will we replace all the money that we have with those that are fake because the fakes can be used to pay for a value it represents and cost our central banks less?
You decide...
When a person begins using counterfeits, they tend to transfer the lost value of that illegal tender from one person to another. What if the person using the money to pay products and services does not know the money he pays is fake? And what if the person receiving the money does not kwow this fact as well?
What results is a transfer of loss of value.
If I have a 100 peso bill and I use it to pay 100 pesos worth of products whose net value is 90 pesos, I give the vendor an income loss of 10 pesos and an asset loss of 90 pesos.
If that vendor then uses the fake 100 peso bill to give change to a customer, the vendor transfers the 100 peso loss of value to the customer.
This goes on and on and on until someone discovers that the bill is fake.
But the loss will not end there.
The last owner of the bill when it was rejected finds out that the bill is fake, that person will just keep the bill, keep the knowledge to himself and probably use the bill to pay another vendor or person and so the cycle continues.
In this manner, as more and more counterfeit are injected into the monetary system, the loss of value increases.
And by sheer chance that all legal tender are lost or destroyed and only counterfeit money circulates, that is the time when loss of value is cancelled out. By that time, the counterfeit money will have value equivalent to the legel tender it represents. Nobody else will claim a fake money is fake because everyone will be using fake money. And fake money is cheaper to produce than real money.
So, how about it, will we replace all the money that we have with those that are fake because the fakes can be used to pay for a value it represents and cost our central banks less?
You decide...
Saturday, June 7, 2008
Motherboards available
During my search for the next available motherboard / mainboard for my laptop, I dicovered two manufacturers whose mobo/mainboards are highly available -- HP and IBM.
My laptop broke about a year ago when her overworked mainboard failed to function. I tried to have it repaired with the authorized repair center but unfortunately they could not salvage it. It is four months beyond warranty so I will have to shell out have the acquisition cost for a new board.
Broken hearted, I tried with our office IT technicians. They too could not fix it. I discovered a repair center that offers mainboard repair and a no-fix, no-pay service. It too can't make any repairs. Unfortunately for me, there are no available 2nd hand replacement boards.
A year since then, I discovered a new repair center with the same offer. They too do not have any replacement boards but they will try to fix my laptop's board.
In both places, and in several auction and web-based buy and sell sites, I found out that the most common laptop mainboards that can be found are from HP or IBM.
What does this mean? It could mean either of the following:
1. HP and IBM mainboards last long
2. HP and IBM are the most bought units
3. HP and IBM laptops get old fast so the units are discarded and the mainboards salvaged
4. HP and IBM laptop peripherals break up easily
5. There is a surplus of HP and IBM mainboards
You choose.
My laptop broke about a year ago when her overworked mainboard failed to function. I tried to have it repaired with the authorized repair center but unfortunately they could not salvage it. It is four months beyond warranty so I will have to shell out have the acquisition cost for a new board.
Broken hearted, I tried with our office IT technicians. They too could not fix it. I discovered a repair center that offers mainboard repair and a no-fix, no-pay service. It too can't make any repairs. Unfortunately for me, there are no available 2nd hand replacement boards.
A year since then, I discovered a new repair center with the same offer. They too do not have any replacement boards but they will try to fix my laptop's board.
In both places, and in several auction and web-based buy and sell sites, I found out that the most common laptop mainboards that can be found are from HP or IBM.
What does this mean? It could mean either of the following:
1. HP and IBM mainboards last long
2. HP and IBM are the most bought units
3. HP and IBM laptops get old fast so the units are discarded and the mainboards salvaged
4. HP and IBM laptop peripherals break up easily
5. There is a surplus of HP and IBM mainboards
You choose.
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