NEW Story: Naval Commando
߷ Part of the bulletin series of articles
- Vekllei businesses that operate in domestic markets do not generally use money.
- This includes government corporations and departments.
- Despite this, Vekllei maintains a kind of commercial accounting that produces accurate, if fictional, revenues, expenditures and profit/loss metrics.
- This is known as “accounted revenue,” and is a shorthand for normal money-use on this site, but refers only to calculated theoretical values.
Although Vekllei does not use money in domestic markets, it has a very sophisticated system of interlinked databases to monitor and record the economy. Physical product has a tangible presence and consequently a tangible cost, even if it not assigned a money-value. As such, Vekllei simply calculates the money-value of everything in its society, from homes to wages to toothbrushes, and uses those figures as a means to determine the health of its economy.
How they arrive at these figures is complicated and detached from real-world money-value. The “accounted value” figure, as it is called, is a combination of labour-hours at a wage calculation, exchange rates, comparative pricing in major international currencies, and scarcity. To this end, the Commonwealth uses commercial accounting practices to target waste and maintain the commons moneyless system.
“Accounted value,” or more specifically, “accounted revenue” is also used as a means of budgeting, especially for government departments. So even though Vekllei at face value appears to suppress ordinary money-value and by extension financialised markets, it is in fact deeply financialised and is closely monitored and controlled by the Ministries of Commerce.