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Bill: Stock Exchange Act
Details
Submitted by[?]: Democratic Socialist Party
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: June 3415
Description[?]:
| Free-for-all casino capitalism is a recipe for corruption and economic disaster. Dranland's stock exchanges must be regulated. George Butterworth MP (Leader of the DSP) |
Proposals
Article 1
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed and are unregulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed but are regulated.
Debate
These messages have been posted to debate on this bill:
| Date | 17:15:59, December 21, 2012 CET | From | Grand National Party | To | Debating the Stock Exchange Act |
| Message | "Casino capitalism" is a term invented by the radical left that describes a non-existent system based on allaged irrational gambling and betting. In reality, investors aiming to increase their private fortune through investments in company shares generally assess the pros and cons thoroughly to prevent veritable losses. Even in the seldom cases where investors act irresponsibly with their money, the negative effects will fall solely on themselves and not on society. Furthermore, we should not forget that stock markets are a crucial supplier of capital to innovate entrepreneurs - the freer the stock markets, the easier it is for them to accumulate capital which will subsequently create further jobs and wealth. Margaret Woodhall MP Member for Ulbrach GNP Chairwoman |
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Voting
| Vote | Seats | |||||
| yes |
Total Seats: 122 | |||||
| no |
Total Seats: 109 | |||||
| abstain | Total Seats: 19 |
| Random fact: Real-life quotations may be used in Particracy, but the real-life speaker or author should always be referenced in an OOC (out-of-character) note alongside the quotation. |
| Random quote: "Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery." - Frank Chodorov |