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Bill: New Economy Act
Details
Submitted by[?]: Majatran People's Independence Committee
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: June 3498
Description[?]:
| The current neoliberal economic policy is deadly for the social fabric and we call that some of the polices be reversed if we are to achieve even a mildly harmonious Pontesi of regions at the very least. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: The government operates large, national banks, but small community based private banks are allowed.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Current: The exchange rate of the national currency is kept within a defined band of fluctuation.
Proposed: The exchange rate of the national currency is kept within a defined band of fluctuation.
Article 3
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: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
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 | 00:34:27, June 09, 2013 CET | From |  One Nation Conservative Party | To | Debating the New Economy Act |
| Message | This seems like more of a Charter for stagnating the economy than a serious attempt to develop the Pontesian economy. The ONCP has drastically increased GDP through its business friendly policies. |
| Date | 01:18:14, June 09, 2013 CET | From | Aurora Libertatis | To | Debating the New Economy Act |
| Message | Mr Speaker, As a libertarian, conservative party, we cannot support this act. Michael Inetus Sepehr MP (Reformist) Leader of the Opposition Prime Spokesperson of the Reformist Forum |
| Date | 07:19:18, June 09, 2013 CET | From | Majatran People's Independence Committee | To | Debating the New Economy Act |
| Message | Mr Speaker, The ONCP may have increased GDP but is it good at the cost of equality. No!. Imam Ali Naguib Spokesperson of the MPIC |
| Date | 11:12:29, June 09, 2013 CET | From | Aurora Libertatis | To | Debating the New Economy Act |
| Message | Mr. Speaker, There is certainly irony in the air every time the ONCP speaks of increasing the GDP and reducing the size of the government, for they actually increased the size of the government, and the taxes, quite a bit when they took power. Whatever some may think of the Society for Liberation, they are the only ones in a very long time who succeeded in actually abolishing the vile income tax, and that certainly did the economy good. Fafner Hordom MP TK Spokesperson on Finance |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no | Total Seats: 300 | |||
| abstain |
Total Seats: 0 |
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