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Bill: Laissez-Faire 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: December 3551
Description[?]:
| Mr Speaker, the state hinders the market from regulating itself by imposing price controls and conducting bailouts, both of which prevents effective re-allocation of capital. The economy is still good, but we should not risk the ongoing prosperity by meddling with the market forces, who simply know better than politicians. Éléonore Gascoyne MP Member for Elbian RFR Trade and Industry Spokeswoman |
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 regulates 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.
Debate
These messages have been posted to debate on this bill:
| Date | 10:52:02, September 25, 2013 CET | From | Dranish Agrarian League | To | Debating the Laissez-Faire Act |
| Message | Mr Speaker, Market forces may be great but they ought be tempered since too much of any good thing ends in ruin. The markets are also not perfect in their distribution of income and profits so a benevolent Government has to step in and redirect some of the misdirected capital to those who get less. Teleri Kendrick MP Finance Minister Member for Loren |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 142 | ||||
| no |
Total Seats: 257 | ||||
| abstain | Total Seats: 0 |
| Random fact: When forming a cabinet, try to include as few parties as possible, while still obtaining a majority of the seats. |
| Random quote: "You don't have to explain something you never said." - Calvin Coolidge |