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Bill: Act for the Support of Capitalist Economics
Details
Submitted by[?]: National Republican Bloc
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 3887
Description[?]:
| Party Leader, We must open the Ibuthian market. A state controlled economy is detrimental to our economic success, and must be stopped. Our party will only succeed through Capitalism. Capitalism will allow for competition in the market. Competition will drive down prices, drive up wages, and will help our economy grow. Rafa Biyombo NRB Leader |
Proposals
Article 1
Proposal[?] to change Government policy on industry and subsidies to industrial operations.
Old value:: The state owns the commanding heights of the economy and all major industries, but private ownership is allowed in the minor industries.
Current: Certain industries are owned by the state, all others are under private ownership.
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 | 17:24:16, August 03, 2015 CET | From |  Sezenhlalo Caucus | To | Debating the Act for the Support of Capitalist Economics |
| Message | Party Leader, My caucus believes that a state-run economy will give the party more power, since the party has absolute control of the state. -- Kefilwe Bapai, Szenhlalo Caucus Leader |
| Date | 18:12:48, August 03, 2015 CET | From | National Republican Bloc | To | Debating the Act for the Support of Capitalist Economics |
| Message | Party Leader, The Party will benefit most from a strong economy, as will the Ibuthian people. Capitalism will make the nation stronger, and if the Party wishes to really expand it's power and influence it must lead a strong nation. Rafa Biyombo NRB Leader |
| Date | 18:55:11, August 03, 2015 CET | From | Social-Liberal Caucus | To | Debating the Act for the Support of Capitalist Economics |
| Message | Dear Party Leader, We believe some balance must be found in economic management. Capitalism doesn't function alone. Many sectors in the economy have to be run by the State because they are public goods. So our stance would be to have a mixed ownership in which certain industries would be owned by the state, all others would be under private ownership. We do think the State is too present now, but we wouldn't like to shrink it that much. -- Duduzile KaMbali, Social-Liberal spokesperson on Finance |
| Date | 21:01:57, August 03, 2015 CET | From | National Republican Bloc | To | Debating the Act for the Support of Capitalist Economics |
| Message | Dear Members of the Social-Liberal Caucus, May I ask what sectors you feel must be owned by the state? I would appreciate you being as specific as possible. Rafa Biyombo NRB Leader |
| Date | 04:07:16, August 04, 2015 CET | From | Social-Liberal Caucus | To | Debating the Act for the Support of Capitalist Economics |
| Message | Dear Party Leader, We want to thank M. Biyombo for asking this question. We have no problem about most traditional industries being left to the private sectors, but we believe that some core industries shouldn't be privatised. Justice, police and army are important examples. If we go a little further and agree to partially privatize some sectors, we must keep in mind that the government should at least provide a cheaper - if not free - alternative. We are thinking here about health and education. The latter can also mean publicly own tv channels and internet websites, so we have to add telecommunication to our list. Regulations should be put in place to prevent some prices to be raised too high. The market cannot assess adequalety the value of education, nor of health. I cannot also assess the value of environment without some frame set by the government. Another very important one in this category is the insurance sector. In our view, the government should act as an insurer of last resort, but not only to industries. While the market can be efficient to allocate ressources, it can be used while the government subsidize the citizens in order for them to make the best choices possible without lacking money for essential services. The people should know its government will not let it fall prey to an irregulated economy which would certainly most of it and could possibly deserve all of it. -- Duduzile KaMbali, Social-Liberal spokesperson on Finance |
| Date | 04:38:31, August 04, 2015 CET | From | National Republican Bloc | To | Debating the Act for the Support of Capitalist Economics |
| Message | OOC: Wouldn't theses sectors be excluded? There are different values for all of these except insurance. And even insurance, you could set up public health care, which I know is not all insurance but still. I am willing to add a RP clause excluding insurance. Correct me if I am wrong, but I never factored those into this legal variable. |
| Date | 23:30:49, August 04, 2015 CET | From | National Republican Bloc | To | Debating the Act for the Support of Capitalist Economics |
| Message | OOC: I am going to move this to the vote, and btw I consider these sectors to be excluded. But of course correct me if I am wrong. |
| Date | 23:40:32, August 04, 2015 CET | From | Social-Liberal Caucus | To | Debating the Act for the Support of Capitalist Economics |
| Message | Dear Party Leader, We will not support this bill because we believe the current state of the economy is good and that this will not necessarily improve it. The bill doesn't say how those privatisations would be done. They could be done in a way which could harm the civilians and concentrate the wealth in the hands of those who are already richer than the majority. Dingani KaBusisiwe Spokesperson on Internatl Affairs OOC : I... Personally agree with you that the State can play an effective role in the economy of a country without owning large sectors of its industry. Regulation, incitatives and subsidies to the citizens can do the trick. However, now that I decided to take a "socialistic turn" (http://forum.particracy.net/viewtopic.php?f=17&t=2572&start=140#p89460), my group seems far less likely to support your bill than previously. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 89 | |||
| no |
Total Seats: 210 | |||
| abstain | Total Seats: 0 |
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