Also I need a name for this new ideology.
Some possible names are joint stock republic, joint stock feudalism, joint stock provinces, competing privatized states/provinces, capitalistic feudalism, capitalistic colonialism, capitalistic democracy, capitalism 2.0, capitalism extended, democracy...
The introduction of the fiat dollar, right after the federal reserve, was argued, that an underlying commodity is "really not necessary". I tested this on the economics teacher when I argued in that above stately fashion that a fiat currency too is really not necessary, and I suffered...