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Bill: Legalize Capitalism Act
Details
Submitted by[?]: Grand National Party
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 3462
Description[?]:
| Mr Speaker, contrary to the hysterical ramblings of the communist pack, capitalism does not even exist in Dranland. It is currently withheld from unfolding its potential by some of the most damaging restraints on economic freedom such as 1.) currency manipulation by the state, which distorts price mechanisms and creates dangerous bubbles, 2.) subsidies for failed enterprises which prevent the market from removing structures which have not been able to prevail in the marketplace and put unjustified burdens on the taxpayer, 3.) price controls, which distort the market again and furthermore reduce incentives for starting business ventures, 4.) restraints on capital markets, which hold back investment and reduces the liquidity of Dranish businesses, 5.) subsidies for union-controlled corporations which seek to out-maneuver other contenders in the marketplace by robbing the taxpayer. If we wish to enter a new era of prosperity and liberty, we must pass this bill and legalize the capitalism that made our nation great. Colette Callahan MP Member for Loren Minister of Trade and Industry |
Proposals
Article 1
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Current: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
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.
Article 3
Proposal[?] to change The government's policy concerning phone services.
Old value:: The state regulates the rates providers can charge for phone service.
Current: The state subsidizes the phone service of low income families but does not regulate the rates providers can charge for phone service.
Proposed: There are no regulations on phone service.
Article 4
Proposal[?] to change The government's position towards the stock exchange(s).
Old value:: Stock exchanges are allowed but are regulated.
Current: Stock exchanges are allowed but are regulated.
Proposed: Stock exchanges are allowed and are unregulated.
Article 5
Proposal[?] to change Government policy on Democratic Workers' Councils.
Old value:: The government encourages the formation of Democratic Workers' Councils through subsidies and tax exemptions.
Current: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Proposed: The government does not intervene in the marketplace with regards to Democratic Workers' Councils.
Debate
These messages have been posted to debate on this bill:
| Date | 23:26:17, March 28, 2013 CET | From | Dranish Conservative Party | To | Debating the Legalize Capitalism Act |
| Message | Mr. Speaker, we are not keen on Articles 1, 3 and 4. However, taken as a whole, we believe the passing of this Bill would do more good than harm to Dranland. Rafael Duvalle MP Chairman of the Dranish Conservative Party |
| Date | 06:15:41, March 29, 2013 CET | From | Dranish Agrarian League | To | Debating the Legalize Capitalism Act |
| Message | Mr Speaker, The only thing that should remain unrestrained is the chemistry between me and Ms. Callahan. This bill, lovey is simply anarchist and similar to godless communism in its utopian nonsense. Jose Manana DAL Chairman |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 160 | ||||
| no |
Total Seats: 168 | ||||
| abstain | Total Seats: 41 |
| Random fact: By default the head of government is the ultimate authority within a national government. In general terms, heads of government are expected to consult with cabinet colleagues (including those from other parties) before making significant decisions but they remain responsible for government action. |
| Random quote: "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes |