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Bill: Last Resort Bill
Details
Submitted by[?]: Action Française
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 2137
Description[?]:
The government should intervene in companies that are on the verge of collapse, if the company employs many Kanjarans, or provides essential services, such as walking sticks. |
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 | 15:54:56, November 02, 2005 CET | From | Malfico Progressive Fascist Party | To | Debating the Last Resort Bill |
Message | The government should not intervene ever, by doing so it distorts the market and the economy as a whole. In addition, nationalisation should never occur, never. We oppose this bill. |
Date | 16:21:48, November 02, 2005 CET | From | Action Française | To | Debating the Last Resort Bill |
Message | But when the livlihoods of thousands of Kanjorans are at stake the government has a very good reason to intervene. The market is distorted by the government lowering and raising taxation, it sill has to do it. |
Date | 16:25:05, November 02, 2005 CET | From | Malfico Progressive Fascist Party | To | Debating the Last Resort Bill |
Message | These thousands of Kanjorans can seek employment in other sectors. In addition history has shown that when the government offers no last resort security, less comapnies go under. |
Date | 16:45:54, November 02, 2005 CET | From | Action Française | To | Debating the Last Resort Bill |
Message | Perhaps, but vital industries must be offered some form of protection. If an industry that is vital to national security veers near collapse because of corrupt practices by the ownership, the government must intervene, it cannot allow the nations security to be place under threat, simply in order to obey the invisible hand. |
Date | 16:48:00, November 02, 2005 CET | From | Malfico Progressive Fascist Party | To | Debating the Last Resort Bill |
Message | If an industry can go under it cannot be vital, the market does not allow vital industries to go under. The problem tends to be that everybody considers their industry to be vital. |
Date | 17:10:03, November 02, 2005 CET | From | Action Française | To | Debating the Last Resort Bill |
Message | Of course a vital industry can go under. Corrupt practices can lead to a perfectly good and viable company enduring severe losses. Shock events, such as a dramatic increase in oil prices can lead to companies falling overnight, the government must operate sme form of backup for the worst case scenarios. |
Date | 03:34:39, November 03, 2005 CET | From | Kanjoran Imperial Party | To | Debating the Last Resort Bill |
Message | no, the government should not play any role in business. This undermines the competative principles of capitalism. |
Date | 23:03:04, November 03, 2005 CET | From | Kanjoran Socialist Party | To | Debating the Last Resort Bill |
Message | Well our party believes that this would be good for the national economy. I do realize this does destroy the essential aspects of capitalism, but it would help out those employed, and those who buy the services. As long as the services or production is handled effeciently by the government, I think that this system would help this country, |
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Voting
Vote | Seats | |||||
yes |
Total Seats: 380 | |||||
no |
Total Seats: 105 | |||||
abstain | Total Seats: 114 |
Random fact: References to prominent real-life persons are not allowed. This includes references to philosophies featuring the name of a real-life person (eg. "Marxism", "Thatcherism", "Keynesianism"). |
Random quote: "Freedom is not worth having if it does not connote freedom to err." - Mahatma Gandhi |