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Bill: Underserved Economies Bill
Details
Submitted by[?]: Plutocratic Utopian Front
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: March 2435
Description[?]:
| To improve the condition of industry in areas neglected by the free market. |
Proposals
Article 1
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Current: All industry is owned and operated by the state.
Proposed: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Debate
These messages have been posted to debate on this bill:
| Date | 22:15:04, July 24, 2007 CET | From |  Gao-Showa Imperial Party | To | Debating the Underserved Economies Bill |
| Message | The free market will provide. i think our companies of capable of managing themselves and if they fail then others will step into their place. The government should not prop up uncompetitive firms. |
| Date | 03:17:32, July 25, 2007 CET | From | Plutocratic Utopian Front | To | Debating the Underserved Economies Bill |
| Message | This would only cover societal necessities: transportation, postal distribution, pensioners, energy provisioners and distributors, and certain aspects of our defense industry. These are all vital services provided by private companies. In some areas and under some economic conditions these can not be provided in a profitable manner. Short of more regulation or nationalization we feel this was a measured policy to assure the solvency of these vital industries. |
| Date | 11:04:22, July 25, 2007 CET | From | Gao-Showa Imperial Party | To | Debating the Underserved Economies Bill |
| Message | We can get foreign providers to run these areas if they are more efficient at it. All the services listed above are things this nation will always be buying so as long as the company can keep its costs down they will be able to make a profit off it. If the government steps in we will just end up increasing our cost and the cost for the nation's consumers. |
| Date | 15:52:40, July 25, 2007 CET | From | Plutocratic Utopian Front | To | Debating the Underserved Economies Bill |
| Message | I don't see how foreign countries could more efficiently provide any of these services, nor why we would allow a foreign country to become involved in industries so vital to our nation's functioning. Profit does not exist everywhere. Delivering mail or energy to our citizens far in the mountains, building non-excludable public shelters, etc. In addition the lack of an investor of last resort will lead to inefficient capital structure, requiring lower risk financing then optimal. Pension funds will worry about insolvency and not take risks which on the whole would lead to better returns for our citizens. You have too much faith in the free market, in certain areas and at certain times government regulation can improve the market's functioning. |
| Date | 17:39:47, July 25, 2007 CET | From | Gao-Showa Imperial Party | To | Debating the Underserved Economies Bill |
| Message | Lower risk means people make bad decisions which waste capital knowing the government will bail them out. That is something we will never support. Risk is good. As to your difficult to access markets with energy and mail, its an issue, but where a market exists there is money to be made. We should encourage entrepreneurs to find cost effective solutions to these problems, not stifle innovation by throwing money at costly and inefficient solutions. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 0 | ||||
| no |
Total Seats: 500 | ||||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "Dictators ride to and fro upon tigers which they dare not dismount. And the tigers are getting hungry." - Winston Churchill |