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Bill: Economic Security Act
Details
Submitted by[?]: United Socialist Front
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: July 2153
Description[?]:
| We have no problem with foreign investment in national companies. We only want it so that they can never gain a moajority of shares which would seriously endanger our economy. Foreign investment is fickle, moving from place to place, people buy and sell with alarming rapidity which is unsafe for any nation. Concrete examples exist in the crashes and bubble bursts of southeast Asia and Argentina both of which allowed totally unregulated foreign investment only to have their once powerful economies ruined. We must safeguard Alduria from such dangers. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may freely invest in national companies.
Current: Foreign investors may invest in national companies, but may not get a majority share.
Proposed: Foreign investors may invest in national companies, but may not get a majority share.
Debate
These messages have been posted to debate on this bill:
| Date | 14:27:39, December 06, 2005 CET | From | Market Socialist Party | To | Debating the Economic Security Act |
| Message | OOC: Argentina has a rather unstable political structure and certain south-east nations have very regulative governments, which hamper economic growth. And I know that I do not know every think about corporate law, but from what I understand, I believe we allow foreign envestors to have a majority share in the United States, and the same goes for Germany. I don't think that allowing foreign envestors to gain a majority share has anything to do with what you stated above. Perhaps if you provide a valid source to back up your claims than I will believe you, but other than that, I cannot. |
| Date | 03:07:09, December 08, 2005 CET | From | United Socialist Front | To | Debating the Economic Security Act |
| Message | The instablility of the political establishment is due to this economic crash that happened in the 90s. Malaysia was the only nation to stay regulative throughout. The others reverted to regulaiton after the crash, which allowed them to more or less jump back. I do not know about the U.S. , it's always ever so paradoxical, with innumerable subsidies and advocations of free trade mixed up... Germany's had a history of purer forms of Capitalism ever since the end of WW2 and the reconstruction of Europe, so that's hardly surprising. Well, they have a tendency to be fickle. With their having a total control of industries they could easily just pull all investments out, which is what happened where i stated and also what caused the Great Depression (except that was on a more domestic level). Well, for one, i used to know a rather rich Argentine, and she lost everything she had while she was away in Europe. In the middle of the trip she found out none of her credit cards nor any of her money was worth anything any more. Chalmer's Johnson (President of the Japan Policy Research Institute) wrote "The Sorrows Of Empire" with a very meticulous eye for detail and source checking and backinf for about everything he says. To be more precise, look at the chapter 9 "What ever happened to Globalisation?" pages 255 to 282 in my edition. I could list a long number and many words and names of praise for the book and its detail and abundance in facts, but that would take a little while. |
| Date | 10:56:02, December 09, 2005 CET | From | Jacobites | To | Debating the Economic Security Act |
| Message | This bill is badly thought out, and we do not see how restricting foreign investment can help our economy. |
| Date | 09:31:33, December 10, 2005 CET | From | United Socialist Front | To | Debating the Economic Security Act |
| Message | I absolutely adore how no one seems to read any thing. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 75 | ||||
| no |
Total Seats: 294 | ||||
| abstain | Total Seats: 32 |
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