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Bill: Strategic Industries Nationalization Act
Details
Submitted by[?]: Fenner Brockway Socialist Party
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: October 2115
Description[?]:
| A bill to nationalize the following strategic industries: water; gas; electricity; the postal service; the rail network and train operating companies; major long-distance bus operators; and our largest national airline, Aldegar Air. |
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: Certain industries are owned by the state, all others are under private ownership.
Proposed: Certain industries are owned by the state, all others are under private ownership.
Debate
These messages have been posted to debate on this bill:
| Date | 03:46:43, September 22, 2005 CET | From | Progressive Liberal Party | To | Debating the Strategic Industries Nationalization Act |
| Message | The PLP will not support an expensive and unnecessary nationalisation which would only lead these enterprises down the road to inefficiency, lower productivity and waste. We'll vote no. |
| Date | 08:41:02, September 22, 2005 CET | From | Fenner Brockway Socialist Party | To | Debating the Strategic Industries Nationalization Act |
| Message | The principle here is that strategic industries should be under public ownership and control so that they are democratically accountable. Many such companies are near-monopolies in their particular areas - for example, there is only set of water pipes leading to each house, only one set of electricity lines leading to each house, so any attempt to introduce the market in such cases is artificial - or have such extreme market dominance that they can gain unreasonably large profits. It is also the case that those countries which don't nationalize strategic industries often feel the need to regulate them so comprehensively that there is no difference except that regulation is less efficient than direct control. Nationalization need not be expensive in the long run. It can be funded through the issue of government bonds. |
| Date | 10:09:31, September 22, 2005 CET | From | Progressive Liberal Party | To | Debating the Strategic Industries Nationalization Act |
| Message | That's certainly not our experience with say, water companies that may own pipelines. Many countries recognise that private companies may own water infrastructure but through competition legislation and regulation ensure that may competing companies are able to tender for individual water contracts despite not owning the specific pipe to a house. Regulation to ensure competition is a far better alternative to simply nationalising the companies. Similarly, where would all the money for the bonds come from? It would be sucked out of the capital markets dragging the economy down. We maintain our position and will vote no. |
| Date | 12:10:29, September 22, 2005 CET | From |  Ducal Delegation | To | Debating the Strategic Industries Nationalization Act |
| Message | His Grace thinks this is a money-wasting, Marxist proposal which should not be supported by anyone. And if the government tries to thieve any of his investments, he will have his best lawyers on the case. Percy Waterman (Personal Secretary to the Grand Duke of Hikirena) |
| Date | 14:31:46, September 22, 2005 CET | From | Novy Smer Party | To | Debating the Strategic Industries Nationalization Act |
| Message | Competeition in water, gas and electricity supply often does not lead to gains for the consumer, just for the executives of the private companies who start taking multi-million bonuses for having falling standards. Look at these privatised industries in the UK - the service has got worse and prices have nearly doubled since privatisation. And the least said about the rail network the better!!!!!!!! We support this bill. It is very sensible. |
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Voting
| Vote | Seats | |||||
| yes | Total Seats: 53 | |||||
| no |
Total Seats: 268 | |||||
| abstain | Total Seats: 0 |
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