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Bill: Free Market Economic Act 2919
Details
Submitted by[?]: League of Libertarians
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: July 2920
Description[?]:
| Let the Market Operates by herself, that way, only the best, efficient business models stay while outdated and poorly-performing business models vanish and thus create better economy. Nothing too big to fail, even Banks, failing Banks would have replaced by better new Banks or just merger with fitter Banks. So let's start liberating the Economy by ending bailout doctrine and letting Banks operate by themselves |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates large, national banks, but small community based private banks are allowed.
Current: The government operates a central bank and all other banks are private.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Current: The government acts as an investor of last resort, by nationalizing failing industries that provide vital goods or services.
Proposed: The government does not intervene in the market nor provide any form of subsidies/relief to industries.
Debate
These messages have been posted to debate on this bill:
| Date | 22:49:01, April 07, 2010 CET | From | Humanist Alliance | To | Debating the Free Market Economic Act 2919 |
| Message | "Nothing too big to fail, even Banks, failing Banks would have replaced by better new Banks or just merger with fitter Banks." And meanwhile what happens to the costumers? Do whatever you want, but our population doesn't like unregulated economy. |
| Date | 23:33:33, April 07, 2010 CET | From | King's Hope Party (ACN) | To | Debating the Free Market Economic Act 2919 |
| Message | How about we just pass a resolution that says if a bank fails then the government will give said consumer up to $200,000 of the money that they originally had inside, the remainer money can not be backed up (but you could always put your money in multiple acounts or banks) ~Hope, The Original Hope~ |
| Date | 06:15:27, April 08, 2010 CET | From | League of Libertarians | To | Debating the Free Market Economic Act 2919 |
| Message | it's their fault trusting their money in an unstable bank |
| Date | 21:24:51, April 08, 2010 CET | From | Humanist Alliance | To | Debating the Free Market Economic Act 2919 |
| Message | How about something in-between like a central bank and private banks? |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 138 | ||||
| no |
Total Seats: 123 | ||||
| abstain |
Total Seats: 40 |
| Random fact: Before choosing a nation, you may wish to research it first. For more information on the cultural backgrounds of the nations, please see the Cultural Protocols Index: http://forum.particracy.net/viewtopic.php?f=11&t=6365 |
| Random quote: "Under capitalism, man exploits man. Under communism, it's just the opposite." - John Kenneth Galbraith |