FANDOM


FedCom's economic model is unique in the modern world: it doesn't use money, for anything.

Day-to-day economic matters take the form of a gift economy.  The background resource management follows the basic lines of natural resource economics.  Scarce materials are rationed as needed to stretch the supply.  The primary focus of economic development is the pursuit of autarky and sustainable development.  Wasting resources is strictly taboo, and recycling is maximized.  Not surprisingly, FedCom's economy finds itself constantly at odds with globalization and modern capitalism, which is an issue of ongoing friction for FedCom.

When everything is shared equally, private ownership of anything is redundant and unnecessary.  Instead of private ownership, the products and resources of FedCom society are owned collectively, and all citizens may partake in the fruits of everyone's labor.  All able-bodied citizens are expected to fulfil a "work quota" in a field of their choice that is generally considered "productive" to society (industrial, agricultural, and maintenance jobs, primarily).  Such an quota might consist of 20 years of labor in a machine shop, working 4 days a week for 6 hours each (this is just an example).  After each person completes their quota, they are the equivalent of "retired".  Retired individuals are encouraged to occupy themselves with arts and hobbies.

Since information is also shared, copyright laws are useless.  FedCom thus treats all foreign information as if it was in the public domain, regardless of whatever copyright or proprietary license may be attached to it.  FedCom doesn't do this to deliberately annoy foreigners: FedCom takes the lessons others have learned simply to improve itself.  To the citizens of FedCom, the concept of copyright runs contrary to the natural order of the universe, and ignoring it is often a requirement to get the best information and technology (however, FedCom often exploits copyright laws to protect its ideas from foreigners).

FedCom currently has no export economy, but it seems likely that fine furniture, sculpture, and other high-quality artwork will become a major part of its list of exports.  Selling these things in the global market is the duty of the civilian trade guilds, who try to maximize profits at auction for the good of the nation.  Funds from the sale of these materials are stored by the Federal Government, and later used to import materials and products than cannot be manufactured locally.  Imports are usually meant to improve the nation's self-sufficiency (typical imports might be industrial machinery).

See also Socialism in FedCom.