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Chapter 3: Moralizing Finance – Eliminating Speculation, Valuing Production and the Worker

Introduction: A Finance Gone Astray

It is economically unhealthy to give space to financial speculation, which distorts economic reality through often misleading projections.

Stockbrokers and even entire institutions distort and complicate economic data. They act as intermediaries and “overcharges” that burden the economy in an anticipatory and exaggerated way. No one outside of them sustainably reaps the dividends of these operations.

The multiple resale of debts makes them increasingly unmanageable. A broker may speculate on a product not yet manufactured in order to secure a dominant market position later. Hoarding is harmful.

The market must submit to the law of the producer, not that of the stock speculator. The latter contributes to product inflation while being a parasite in the system. At best, he should be a facilitator.

Production and ancillary costs alone should determine global prices of raw materials and products. These become expensive not at the point of production, but once in the hands of unscrupulous speculators who care nothing for consumers.

The more direct access the primary producer has to the market, the cheaper the product becomes. Naturally, the processing industry must be closer to the producer than to the broker. Priorities are reversed.

In truth, the broker produces absolutely nothing, and it is only the system that confers upon him his harmful dominant position. The system must be changed.

The commercial space must be moralized and strictly legislated to avoid any artificial surcharges.

Production determines prices, then financial flows. Surnumerism confers upon the producer and production a fundamental commercial and economic value: together they form the hinge of a healthy and balanced economy, better able to permeate all social layers.

Global finance, dominated by derivatives (600 trillion USD, BIS 2025) and high-frequency trading (HFT, 50% of stock transactions), generates a handful of billionaires and an extremely minor bourgeois class. Surnumerism reorients it to support human labor.

The State

Surnumerism, far from advocating wild liberalism, requires instead that the State play the role of regent:
- The State must be present in vital domains that contribute to national sovereignty (mines, energy, major works, environment).
- The State must regulate certain markets, mechanisms, and processing units to favor the producer.
- Above all, the State must oversee the entire surnumerian institution: collection of surnumerary taxes, the SurnBank, and investment institutes dedicated to the SurnSystem.

The Worker

It is wise to clean up international eco-finance and strengthen the economic ascendancy of the State, but all this will be meaningless without valuing the worker:
It is not viable to envisage a “Surnumeration” status at all levels; however, it is foreseeable to guarantee a fair and honest net due to all.

Ensuring excellent schooling for workers’ children whose results justify it. Special SurnScholarships could be conceived to give hope to workers at the bottom of the ladder to climb society. The vicious circle that dictates that only the rich man’s son has access to elite schools is broken.

FondSurn would partly fund these scholarships. The State and parents would not be the only sponsors of special curricula.

It should be noted that the employer is not obliged to educate all the worker’s children. Only the brilliant ones, and limited to three SurnScholarships per family (both parents counted), benefit from this support.

By jurisprudence, FondSurn must extend a helping hand to all layers of society. It is the reward of excellence.

Thus, even in low-income or rural areas considered marginal, those who demonstrate intellectual determination, despite lacking financial capacity, will become scholarship holders.

Surnumerism prioritizes the human and intellectual value of the individual over material wealth. A broad avenue of success is widely opened even to disadvantaged groups.

Anti-Speculation Mechanisms

  1. 0.5% tax on speculative transactions (HFT, non-productive derivatives), generating 500 billion USD/year.
  2. Reorientation via the SurnBank: 70% of funds finance projects with SROI >1.5 (e.g., digital schools, green factories).
  3. Incentives: Tax exemptions for productive investments, reinforcing trust in financial flows.

Case Study: Alibaba (2035)

Alibaba contributes 4.63 billion USD via CapitalSurn, financing:
- Low-carbon logistics startups (+200,000 jobs).
- AI training (1 million youth).
- Clinics in Mongolia.

Return: +343 billion USD in added value over 20 years, illustrating a lever of planetary equity.

Counterarguments

  • Disincentive: Offset by exemptions and ethical labels.
  • Complexity: Reduced by AI and blockchain.
  • Inequalities: Mitigated by universal training.

Conclusion

Surnumerary finance eliminates speculation, valuing production and the worker for entrepreneurial continuity. The next chapter details the SurnBank. SROI >1,5 (ex. : écoles numériques, usines vertes).
3. Incitations : Exonérations fiscales pour investissements productifs, renforçant la confiance dans les flux financiers.

Étude de Cas : Alibaba (2035)

Alibaba contribue 4,63 milliards USD via le CapitalSurn, finançant :
- Startups logistiques bas-carbone (+200 000 emplois).
- Formation en IA (1 million de jeunes).
- Cliniques en Mongolie.

Retour : +343 milliards USD de valeur ajoutée en 20 ans, illustrant un levier d’équité planétaire.

Contre-Arguments

  • Désincitation : Compensée par exonérations et labels éthiques.
  • Complexité : Réduite par IA et blockchain.
  • Inégalités : Atténuées par formations universelles.

Conclusion

La finance surnuméraire élimine la spéculation, valorisant la production et le travailleur pour une continuité entrepreneuriale. Le chapitre suivant détaille la SurnBank.