We are working on a brand new version of the game! If you want to stay informed, read our blog and register for our mailing list.
Bill: Industrial Sector Act
Details
Submitted by[?]: Vanuku Nationalists Party
Status[?]: passed
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: January 2586
Description[?]:
| Current laws regarding Industry affairs and ownership currently comes under the Free Enterprise Act 2570 that gives power to the Minister of Trade and Industry to “ make provision for the sale of all publicly owned corporations and enterprises”. As since this law was introduced the Ministry has not yet made said provisions we ask the Council to adopt a this new Act allowing the State to continue it control of some workplaces, but not acquiring any new industry unless feature under the guidelines of this new law. The Minister will still have the power to privatize State owned Industries in accordance with the 2575 law. This gives the Government the power to help national Companies by nationalizing failing industries so to help out workers, investors and the economy. The Minister for Trade and Industry shall only be able to Nationalize industry after a vote in the legislator acquiring over 50% of the vote. |
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: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
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 | 21:04:22, May 26, 2008 CET | From | Vanuku Freedom Party | To | Debating the Industrial Sector Act |
| Message | The Free Enterprise Act of 2575 (the 2570 version having been defeated) required that it be "carried out in full" not less than five years following its passage, and it did not give the Minister of Industry the "power to privatize State owned industries", it REQUIRED the Minister to do so. The Minister must either oversee the immediate sale of state owned industries as required by the Act, or he must step down and make room for someone who will. |
| Date | 13:17:10, May 28, 2008 CET | From | Classical Liberal Party | To | Debating the Industrial Sector Act |
| Message | Privatisation of all industry will reduce costs to the government and allow tax reductions to take place. The CLP sees this as beneficial to the country and will oppose this new act. Nationalisation is a dangerous tool to place in the hands of government. |
| Date | 05:58:49, May 29, 2008 CET | From | Vanuku Nationalists Party | To | Debating the Industrial Sector Act |
| Message | The ’75 act dictates that the Minister shall make provisions to sell Nationalized Industry, and that that acting shall be completed within 5 years. The Minister serving at the time was Josh Osseriech (Nationalists) and completed the provisions within the time period. The actually sale of the Industry was put down to the Minister, with consultation with the Chancellor. Since the time of the Act’s passing there have been 2 Chancellor changes, one electing Mr. Osseriech himself, no such order has occurred or been enforced. Nationalists control of Trade and Industry insures the protection of workers within this Industries. Current Minister Peter Collins stands by the Control of standing nationalized industry and protection of workers within them. If Government were to loss control to highest bidder, or however we choose to rid these Industries, we couldn’t hold ourselves to this Government. The Nationalists are proposing a meeting on common ground. Privatization will occur of all Nationalized Industry if this act gives the power to the Government to regain control of Industries in Financial misfortune. Thus insuring workers safety and Economic soundness for Vanuku overall. We would also recommend that if we are to sell of Industry, we make in on a share based release with the Trade and Industry Ministry control a large, but not Majority share in this industries. Or a staged sell off. Immediate Privatization of so many Industries will lead to economic turmoil. |
subscribe to this discussion - unsubscribe
Voting
| Vote | Seats | ||||
| yes | Total Seats: 41 | ||||
| no |
Total Seats: 30 | ||||
| abstain |
Total Seats: 24 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "A fear of weapons is a sign of retarded sexual and emotional maturity." - Sigmund Freud |