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There are four kinds of sovereignty:
- Legal sovereignty - is the authority which has the power to issue final commands. This is the supreme law making power.
- Political sovereignty - is the power behind the legal sovereign, or the sum of the influences that operate upon it. This is legally unknown, unorganized and incapable of expressing the will of the state in the form of legal command. But it is this will that must ultimately prevail in the State. In a narrower sense, the electorate constitutes the political sovereign, and in a broader sense, the whole mass of population.
- Internal sovereignty - refers to the power of the State to control its domestic affairs. It empowers the State to make and alter its system of government, and to regulate its private affairs, as well as the rights and relations of its citizens, without any dictation, interference, or control on the part of any person or body or State outside the particular political community.
- External sovereignty - is the power of the State to direct its relations with other States. With this, the State is not subject to the control, dictation, or government of any other power. It implies the right and power to receive recognition as an independent power from other powers, and to make treaties with them on equal terms, make war or peace with them, send diplomatic agents to them, acquire territory by conquest or occupation, and otherwise to manifest the freedom and autonomy. (Suarez, 2005) This is also known as independence.
If you would like to emphasize certain words it would be better to increase the font size or just place it in a bold format. it is very hurting to the eyes. Your background and your important terms are blending. Thank you.
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ReplyDeletecan a state or country practice internal and external sovereignty?
ReplyDeleteMonetary Sovereignty is critical to all nations (Canada, Japan, Australia, China, England and more) with a non-convertible fiat currency, floating exchange rate and all of their debt owed in their own currency. Such nations do not need to tax and sell Treasury securities to raise revenue for spending. However, there are those who control what citizens should know about their monetary system and not educating them about monetary sovereignty perpetuates the economic and social dysfunction we see in the U.S. today, especially since 1971-1973 when Nixon abandoned the gold standard.
ReplyDeleteTaxation should manage hyper-inflation, income distribution, market incentives and acceptance of the currency not Federal spending since the government creates its currency from thin air, not tax revenue.. Likewise, the sale of Treasury securities (wrongly called borrowing) manages the term structure of the Federal Reserve's interest rates, and does not raise a dime per se for payment of Federal obligations.
See, "The Seven Deadly Innocent Frauds of Economic Policy" , by Warren Mosler.
Download a free PDF of his little book that changes every thing you thought you knew about money, taxes, deficits and debt, at www.moslereconomics.com. Google - Monetary Sovereignty.