Add "The Pilot, in Numbers": a one-time $350M, ~400-co-op pilot with
a power-calculated sample size, loan limits, a checked definition of
market rate, two pre-registered deciding measures (fair survival with
a pay and membership guardrail, and a Treasury-rate hurdle for the
loan book), a matched SBA comparison plus a lottery at the margin, a
year-12 review, a fast-track vote on success and a self-executing
wind-down on failure. Built around the FONDES and Venezuela failures.
Add "Guarding the Pilot": rules against hidden-boss shells, capital
claim drains, split borrowers, relabeled rescues, zombie survival,
sabotage, a rigged review, and political favoritism.
Link both from the index, bank, test, capital and lock pages, and add
the pilot's weak points and the federal-vs-state question to Open
Problems.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01QWPs69B8nQZjtPEUXMKzZx
Replaces the chapters with the v3 foundation: new chapters for the bank,
the lock, the founder problem, the test and intellectual property; removes
conversion, conversion-tax and valuation. Rewrites the overview to lead
with "nobody is forced" and rewords draft-history references for
first-time readers.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Adds The Conversion Tax chapter. The tax is withheld in cash from each
buyout payment, the rate schedule is locked on conversion day, brackets
run on cash actually received, pre-bill gifts are added back to the
lifetime ledger, and above-market side payments to former owners count
as proceeds. It explains why taking the tax in kind was rejected
(Koontz, Horne, Tyler). It also corrects the 1950s precedent (capital
gains were capped at 25%) and states plainly how the recycled tax
lowers what workers pay. Open problems now cover proceeds vs gains,
treaty overrides and recession cyclicality.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01GsSJ98117VXm9t7rBra5NX
Adds a Valuation chapter. It covers market price, control-size arm's-length
sales, and a formula whose industry multiples come from real acquisitions
and whose profit figures are cleaned of related-party games. Disputes stay
in court (Monongahela), but each side files a final number, costs follow
reasonableness, inflated claims draw a penalty, and workers get an
independent public valuation counsel. Conversion brackets now apply to
lifetime proceeds and look through foundations and trusts. Open problems
are updated for the anticipation discount and conversion-tax durability.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
Claude-Session: https://claude.ai/code/session_01GsSJ98117VXm9t7rBra5NX
Renders the markdown documents in Content/Socialism: a landing overview at
/socialism and chapters at /socialism/{slug}, with a sectioned sidebar,
on-page table of contents, prev/next paging and cross-document links.
Pages are noindex and nothing on the site links to them. Underscore-prefixed
files (founding draft, progress log) are never served, deployed or committed.
Co-Authored-By: Claude Opus 5.5 <[email protected]>
jheapsandClaude Opus 5.5