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Bill: Industrial Overhaul Act
Details
Submitted by[?]: United Democrats
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: May 2816
Description[?]:
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: 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 | 16:41:47, September 10, 2009 CET | From | Liberal Democratic Party | To | Debating the Industrial Overhaul Act |
| Message | Although we would like to see a time when certain industries are entirely state run, we see this as a vital step in the right direction. |
| Date | 17:22:34, September 10, 2009 CET | From | Rutanian Elitist Party | To | Debating the Industrial Overhaul Act |
| Message | There are two types of organizing the economic system of a state: one based of fractionated competition and one based on corporatism. The REP is a supporter of the first type. In this sense none of the two articles correspond to our ideology. It is a chliché that free market is good. Free market is functional when it is free from any kind of malign governmental intervention. Failing industries that provide vital goods should not be saved. They are failing because of a good reason: there are actors who produce that kind of good or service in a better quality. So should a state save an inefficient, useless corporation? The answer is no. The second article would not make any significant difference in comparison with the actual status. |
| Date | 18:42:27, September 10, 2009 CET | From | United Democrats | To | Debating the Industrial Overhaul Act |
| Message | Article 2 removed as we can see the REP's point. |
| Date | 11:04:46, September 11, 2009 CET | From | Rutanian Heritage Party | To | Debating the Industrial Overhaul Act |
| Message | We agree with the REP's comments, to an extent - generally speaking, uncompetitive industries will naturally fail as a basic function of the market. This is not to say that we fully support 'dog-eat-dog' capitalism - we are certainly sympathetic to tarrifs, quotas and various other forms of protection to domestic industries. However, we feel that the nationalization of failing industries is too extreme, especially due to the enormous control and power it would afford the federal government, essentially providing a pretext for socialism. Corporate welfare is dangerous territory. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no | Total Seats: 305 | |||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "Non-violence leads to the highest ethics, which is the goal of all evolution. Until we stop harming all other living beings, we are still savages." - Thomas A. Edison |