| From: | Robert Watkins <robert.watkins@******.COM> |
|---|---|
| Subject: | Corp Scrip are slave wages? |
| Date: | Tue, 9 Jun 1998 16:33:01 +1000 |
> I'm not sure of what you mean when saying "limations to its liberties".
> Where does it begin ? IMO corporate money (as I remember from the corp
> sourcebook), which has value only in the corp assets is a|ready a
> limitation to its liberties.
Nope. Here's a scenario: Say you are an American citizen. You, as an
American citizen, go and work in Cuba for a while. You get paid in whatever
the Cuban currency is (let's call them pesos for now). You go back to the
States and try to pay for something with the Cuban pesos. Guess what
happens? The storekeeper doesn't accept them. So, you try and convert them
to US dollars. You are then told that Cuban pesos aren't permitted to be
traded. Your Cuban pesos are worthless (until you realise you go to Russia
can convert them to rubles, at a highly inflated margin, and then back to
dollars, but hey, that's still nearly worthless).
The scenario with corp scrip is fairly similar. An extraterritorial entity
has paid you with legal currency. But it's only legal in certain areas (just
as currency today is restricted to the nation of origin). And that
extraterritorial entity has decided, in its wisdom, not to allow you to
convert said currency into another form. Your only option is to go to
another jurisdiction that does permit you to trade them (oh, and trading in
corp scrip is not illegal in the UCAS... it's just difficult, as you can
only use corp scrip if you are an employee of the corp, and the corps, in
their wisdom, keep an eye on people who have more corp scrip than they
should, and this makes the laundering of the corp scrip hard. However,
there's nothing illegal about that, either.
