The concept that there is an intrinsic value in every person no matter of its education, experience, age, sex, race or color and that each person is capable of producing a direct human energy service, irrelevant of means of production or information, has been the backbone in the WREAL economic system.

It values something that was never valued before and as a consequence skyrocketed the potential GGP (gross global product).

So the assumption goes like this:

We are born every day with a daily economic self-worth of 1,188 WREAL units (or US$1,188 back in 2020) which translates to W99/h x 12 interactive hours daily.  However that value diminishes depending on how we use it.

We can offer it in some form, or use it personally or invest it productively for the common good or convert it to cash and those actions determine its value in different proportions. It was simply unutilized before and unaccounted for.

Of course whether that value was accurate or not and by which standards is anyone’s guess and was initially ridiculed how an African who worked and lived for $2 /day could be worth 600 times more and how economically viable was that.

However the principle behind the concept was not new. Any capitalist based system has always been trying to boost the purchasing capacity of its own citizens and of other countries in its attempt to transform them into better and wealthier consumers of its products & services. It artificially pumps wealth into weak sectors of its society or into poorer countries and eventually succeeds to raise their standard of living and their net worth. Is not much different than that.

Assigning a intrinsic value to each person in terms of time , makes them capable to trade a significant part of that assigned wealth into a system that recognizes and accounts that value and those trades.

WREAL was also using in some form the Say’s law concept that “supply creates its own demand” because before they can become a source of demand, customers must themselves have been a source of supply.

In the course of making his merchandise, a producer will pay wages to his workers, rent to his landlord, interest to his creditors, the bills of his suppliers and any residual profits to himself. These payments will at least equal the amount the entrepreneur can get for selling his product. The payments will therefore add as much to spendable income as the recipients’ joint enterprise has added to supply.

At the macro level of an economy, there is no someone else. The economy is an integrated whole.

What it purchases and distributes among its members are the same goods and services those members have jointly produced. At this level of aggregation, the economy is in fact not that different from the subsistence farmer.

What it produces, what it earns, and what it buys is all the same, a “harvest” of goods and services, better known as gross domestic product. WREAL by boosting supply (as value) forced demand to follow on a macroeconomic level.

Its purpose has been to educate and motivate people how to better assess, utilize, enhance and promote their economic

self-worth as self-employed people selling their value to prospective individuals or businesses like any contractor.

The Self Worth is somehow resembling the UBI (universal basic income concept as a way to eliminate poverty, compensate for technological evolution unemployment etc  ) However the UBI is expensive, very controversial who would be paying for it either by raising taxes or cut other benefits and who would qualify for it. In an indebted world this is simply not feasible even if there has been a concerted will for it, which it has never been.

In contrast the WREAL Self Worth is in fact a universal basic income paid by the Universe in energetic terms and is free, no taxes or budget cuts required.