Military Fiat - Definition of Participation

Definition of Participation

Theories vary on how to measure "participation of other political elements."

In economics, fiat is one of three ways to guarantee the value of money, credit money and commodity money being alternatives - but both relying to some degree on the fiat. True fiat money has no trust or product value of its own, but is backed only by trust in the issuing government and its ability to collect taxes or require conversion of some other resource into currency.

This view is questioned by some theories of political economy that argue that there is always some intrinsic reliance on trust, or expectation of the delivery of the commodity itself. Critics of these views argue that withholding taxes in domestic trade or defying powerful nations regarding trade in narcotics or arms will very rapidly prove dangerous or fatal to some of the participants - and, furthermore, that at least some of these decisions are unpopular and are not reflective of the public will. This is a common accusation made by the anti-globalization movement which argues that governments have been elected on a mandate to oppose global free trade and instead pursued it.

Read more about this topic:  Military Fiat

Famous quotes containing the words definition of and/or definition:

    It is very hard to give a just definition of love. The most we can say of it is this: that in the soul, it is a desire to rule; in the spirit, it is a sympathy; and in the body, it is but a hidden and subtle desire to possess—after many mysteries—what one loves.
    François, Duc De La Rochefoucauld (1613–1680)

    Mothers often are too easily intimidated by their children’s negative reactions...When the child cries or is unhappy, the mother reads this as meaning that she is a failure. This is why it is so important for a mother to know...that the process of growing up involves by definition things that her child is not going to like. Her job is not to create a bed of roses, but to help him learn how to pick his way through the thorns.
    Elaine Heffner (20th century)